Commercialization

From WikiMD.org
Jump to navigation Jump to search

Commercialization

Commercialization (/kəˌmɝːʃəlɪˈzeɪʃən/), also spelled commercialisation, is a process of introducing a new product or production method into commerce—making it available on the market. The term often connotes especially entry into the mass market (as opposed to entry into earlier niche markets), but it also includes a move from the laboratory into (even limited) commercial production and selling.

Etymology

The term "commercialization" is derived from the English word "commercial", which is from the Old French "commercier", meaning "to trade", and the Latin "commercium", meaning "trade, traffic".

Related Terms

  • Market: A physical or virtual place where buyers and sellers meet to exchange goods or services.
  • Product: Anything that can be offered to a market that might satisfy a want or need.
  • Commerce: The exchange of goods, services, or something of value, between businesses or entities.
  • Mass Market: A market for goods produced on a large scale for a significant number of end consumers.
  • Niche Market: A specialized market segment which has a high potential to grow or can be developed.
  • Production: The process of creating, manufacturing, and producing goods and services.
  • Selling: The act of providing a product or service in return for money or other desired goods or services.

External links

Esculaap.svg

This WikiMD dictionary article is a stub. You can help make it a full article.


Languages: - East Asian 中文, 日本, 한국어, South Asian हिन्दी, Urdu, বাংলা, తెలుగు, தமிழ், ಕನ್ನಡ,
Southeast Asian Indonesian, Vietnamese, Thai, မြန်မာဘာသာ, European español, Deutsch, français, русский, português do Brasil, Italian, polski