From Longman Business Dictionarycommodity productcomˌmodity ˈproduct1[countable]ECONOMICS a product such as a metal, farm product, oil etcCanadian paper companies concentrate on commodity products such as pulp and newsprint, while US companies often concentrate on products with higher value added.2[countable]MARKETING a product that is hard to DIFFERENTIATE (=make seem different) from other products of the same kindPCs are becoming commodity products, with consumers just buying on price. → product