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DWS: We can't compete on low wages or standardized commodity products or services.
HP has always played a dual role in enterprise computing, selling standardized commodity systems and competing with Dell on one hand, and selling more specialized systems, such as systems based on Intel 's Itanium chip which HP helped design on the other.
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With the advent of the industrial revolution, handmade goods gave way to standardized commodities, which all look alike, and it ceased to be possible to know an object's provenance just by looking at it.
Korea's semiconductor industry, for example, modified Japanese production techniques for standardizing commodity products into a low-cost strategy.
A 3D printer could enable consumers to purchase locally-made products tailored to their needs rather than standardized, imported commodities from either Western countries or China.
Expensive proprietary storage solutions were about to be replaced by commodity, standardized storage options like Red Hat Storage.
Each futures contract is standardized and specifies commodity, quality, quantity, delivery date and settlement.
This is a commonly used approach for estimating quality-adjusted consumer price indices (CPI). 2 Proportionality shifts can be measured via the price change (in the form of a deflator) of a quality-standardized commodity.
The underlying price π is the equilibrium price when all commodities are standardized (ρ=1) and quantified in efficiency units.
Food balance sheet data were further standardized by converting processed commodities to a primary equivalent; e.g., quantities of bread are expressed in wheat equivalents comprising wheat flour and wheat-flour products (3).
Netheads believe all communications should be standardized, turned into a cheap commodity with every bit of information shoved into the same generic Internet packet.
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CEO of Professional Science Editing for Scientists @ prosciediting.com