Quote by: James Surowiecki

What corporations fear is the phenomenon now known, rather inelegantly, as 'commoditization.' What the term means is simply the conversion of the market for a given product into a commodity market, which is characterized by declining prices and profit margins, increasing competition, and lowered barriers to entry.


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Author Bio


  • NameJames Surowiecki
  • DescriptionAmerican journalist
  • BornApril 30, 1967
  • CountryUnited States Of America
  • ProfessionJournalist