Using complete sentences, compare and contrast the ways that commoditization helps and hurts consumers.

Answer:

Responses may vary but should include some or all of the following information: Commoditization helps consumers who want goods and services without guesswork and the lowest possible price. Since commoditization dominates the global economy, companies compete to create virtually identical products while providing them at the lowest price. Commoditization hurts consumers who want a wide variety of features and selections from which to choose. They might be able to cheaply purchase an item, but it might not be specialized to their liking.