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Product that is considered the same no matter who makes it or sells it?
Commodity
Milk is considered a commodity because it is which of the following?
the same product regardless who sells it
Is milk a commodity or a product?
commodity
Product that is the same no matter who makes it?
commodity
Why is lumber considered a commodity?
A commodity is any item which can fufuill a market desire or need. Lumber is considered a commodity because it can be bought and sold to fufill a desire or need in the economy.
Product that is considered the same no matter who makes it or sells it?
Commodity
Milk is considered a commodity because it is which of the following?
the same product regardless who sells it
Is milk a commodity or a product?
commodity
Why is milk considered a commodity?
A commodity is something sold primarily on price rather than on some characteristic of the product. Because non-organic cow's milk is pretty much the same no matter where you get it, it is sold primarily on price and is therefore considered a commodity. Specialty milks--organic, lactose-free, flavored, from Jersey cattle--are sold on a particular characteristic of the product, so they're not commodities.
Is a knife a commodity?
Yes, a knife can be considered a commodity as it is a widely available product that can be bought and sold in markets.
Product that is the same no matter who makes it?
commodity
Why is lumber considered a commodity?
A commodity is any item which can fufuill a market desire or need. Lumber is considered a commodity because it can be bought and sold to fufill a desire or need in the economy.
What is commodity or product approach?
Commodity = needs Product = quality In my POV, the commodity approach merely focuses on the consumers' demands whilst the product approach focuses on bringing consumer demand by creating a product that's of great quality.
What is the opposite commodity?
The opposite of commodity could be a branded good or product. The opposite (alternative) of a physical commodity could be an intangible one such as a financial derivative.
What is the opposite of commodity?
The opposite of commodity could be a branded good or product. The opposite (alternative) of a physical commodity could be an intangible one such as a financial derivative.
What product is considered a commodity?
A commodity generally refers to an agricultural product that is bought and sold such as corn, coffee, wheat, etc. Energy commodities include gas, electricity, oil, etc. In economic terms commodities are products that have a demand but there is no difference in who produces it. Therefore, typically consumers will search for the lowest price of that item.
What is product hierarchy in retail?
In general, Retail Industry - any Product can be defined in multiple ways ( hierarchy ) * Department * Sub-department * Class * Commodity * Sub-commodity
