________ occurs when a product's attributes that were once new become widespread among all products in a market.
A) Commoditization
B) Protectionism
C) Exploitation
D) Expansion

Question

Quizplus · Accepted Answer

Commoditization occurs when a product's features or attributes that were once unique or innovative become commonplace and widely adopted by competitors, leading to reduced differentiation and pricing power in the market. As a result, products become more interchangeable, leading to price competition and lower profit margins.

________ Occurs When a Product's Attributes That Were Once New