Korea's semiconductor industry, for example, modified Japanese production techniques for standardizing commodity products into a low-cost strategy.
As Adam Smith wrote in The Wealth of Nations in 1776, atomistic competition in commodity products drives prices to the cost of production and thus, profits to zero.
It was shown that especially for commodity products such as biofuels a stand-alone algae production facility could not be economically feasible.
In the chemical industry C2 C4 olefins are critical building blocks for high value commodity products.
Barclays is a leading provider of commodity products for institutional investors.
Microsoft's monopoly power has reduced them to mere manufacturers of commodity products.
These companies narrowed their product lines, spinning off many of the commodity products, particularly petrochemicals.
DWS: We can't compete on low wages or standardized commodity products or services.
Commodity products and services requiring little or no adaptation are easiest to sell.
The chemical industry today includes both commodity products and higher value-added products.
"Most online companies don't do proprietary products; they do commodity products," said Steve Weinstein, an analyst with Pacific Crest Securities.
