The phrase "a commodity product and" is correct and usable in written English.
It can be used when discussing products that are standardized and interchangeable with others of the same type, often in economic or marketing contexts.
Example: "In today's market, a commodity product and its pricing are heavily influenced by supply and demand dynamics."
Alternatives: "a standardized product and" or "an interchangeable product and".
Without it, air travel is just a commodity product and you can't compete".
Remember: Gasoline is a commodity product, and one brand is as good as another.
Given the kind of market in which Shell participates characterized by a large number of locations, a commodity product and competitive pricing Equity's profits should get pumped up even more.
There are plenty of custom tailors on the Internet these days and they seem like the perfect business – you take a commodity product and spiff it up then send the work to places where expert custom manufacturers aren't that hard to find (namely places like Hong Kong and Taiwan).
Best Buy sells a commodity product and has to price competitively, so the thing most in their control was experience.
A good flight is more of a commodity product, defined by price and route and, of course, being on time the day of travel.
Despite the volumes this item is not viewed by Huntsman as a commodity product, because making it cheaply and at a consistent quality demands secret recipes.
Imagine, if you will, running a company that sells a commodity product, where pricing is opaque and you have hundreds of competitors all clamoring after the same shrinking customer base--which, by the way, happens itself to be in financial distress.
There was general agreement that the PC had become a commodity product, its makers mere box-shifters, and that growth prospects were mediocre.
The steep price reflects the growing pressure on Hewlett-Packard as computer hardware becomes more and more like a commodity product with low profit margins.
When you're in the insurance business especially property and casualty you're selling a commodity product.
