The point at which an industry-specific activity becomes common across industries and the need to keep it proprietary no longer exists is also called:
A) Commoditization
B) Specification
C) Break even point
D) Pinnacle

Question

Quizplus · Accepted Answer

The term "commoditization" refers to the process where a product or service that was once unique or proprietary becomes commonplace and easily replicated across industries, leading to decreased profits and differentiation. This occurs when the need to keep the activity proprietary no longer exists, as it has become a common industry practice. Commoditization refers to the point at which a specific activity or product becomes widely available or interchangeable, which means that there is no longer a need to keep it proprietary. This can happen when the activity or product becomes common across multiple industries, or when there is enough competition in the market to drive down prices and increase standardization.

The Point at Which an Industry-Specific Activity Becomes Common Across