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A commodity chain is a process used by firms to gather resources, transform them into goods or commodities, and finally, distribute them to consumers. It is a series of links connecting the many places of production and distribution and resulting in a commodity that is then exchanged on the world market.
In business literature, commoditization is defined as the process by which goods that have economic value and are distinguishable in terms of attributes (uniqueness or brand) end up becoming simple commodities in the eyes of the market or consumers.
Commodification is the process of transforming inalienable, free, or gifted things (objects, services, ideas, nature, personal information, people or animals) into commodities, or objects for sale.
In economics, a commodity is an economic good, usually a resource, that specifically has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them.
Food chain in a Swedish lake. Osprey feed on northern pike, which in turn feed on perch which eat bleak which eat crustaceans.. A food chain is a linear network of links in a food web, often starting with an autotroph (such as grass or algae), also called a producer, and typically ending at an apex predator (such as grizzly bears or killer whales), detritivore (such as earthworms and woodlice ...
Chain of Closure. As of 2023, there are 200,859 fast-food restaurant businesses in the U.S. — a staggering number to compete with. However, financial upheaval in 2020 and 2021, along with the ...
The concept was developed further by a number of authors that emphasized importance of chain governance in different commodities (e.g. automobiles, textile, electronics etc.) At the beginning of 2000s a group of authors Jeffrey Henderson, Peter Dicken, Martin Hess, Neil Coe and Henry Wai-Chung Yeung, introduced GPN framework, that builds on the ...
The position of an organism within a food chain: what it eats, and what eats it. tropics tropical rain forest A biome characterized by regular, heavy rainfall, a humidity of at least 80 percent, and great biodiversity. tundra A permanently frozen, treeless expanse between the ice cap and tree line of arctic regions.