What is a Commodity?
A. A combination of components used together in order to strengthen a product's brand and to help sell the product or service; most commonly the components are the 4P's - Product, Price, Place and Promotion.
B. A stated, observable and measurable end result to be achieved within a certain timeframe.
C. A measure of the sensitivity or responsiveness of demand or supply of a good or service based on changes in its price.
D. A good or material bought and sold freely, and that is reasonably interchangeable among multiple suppliers, and whose price is usually highly correlated to perceived supply; more simply, it is an everyday tyWpe of product that is readily available, like green beans or milk at a grocery store.