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Subject: price commoditization econ. Why does this damaged relationship with the banks matter?After all, in the developed world, and increasingly in the eemrging economies, an individual requires a bank account to be a full participant in the economy. Financial services products have arguably always had an element of grudge purchase about them, like toothpaste in the supermarket. Firstly, there is a direct impact on profitability, leading to price commoditization, unbundling of higher margin products to provide transarency to picky customers, and potentially higher cost to serve as banks seek to fix their basic service provision. Помогите пожалуйста разобраться в последнем предложении, что такое может быть price commoditization и как сформулировать на русском - seek to fix their basic service provision. |
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commoditize transitive verb (-tized; -tizing) Date: 1984 1. commodify ; specifically to render (a good or service) widely available and interchangeable with one provided by another company 2. to affect (as a brand or a market) by commoditizing goods or services < fierce competition threatened to commoditize prices > MW давление на цены; цены вынуждены снижать |
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