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Exactly > Hence, the key effect of commoditization is that the pricing power of the manufacturer or brand owner is weakened: when products become more similar
by 60secz 6y ago
Exactly
> Hence, the key effect of commoditization is that the pricing power of the manufacturer or brand owner is weakened: when products become more similar from a buyer's point of view, they will tend to buy the cheapest.
https://en.wikipedia.org/wiki/Commoditization https://en.wikipedia.org/wiki/Commoditization