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What does commoditised mean?

Looking for the meaning or definition of the word commoditised? Here's what it means.

Verb
  1. simple past tense and past participle of commoditise
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Examples
Best anticipates new business margins to continue to decrease due to the move toward more competitive and commoditised protection products.
Moreover, due to slow market growth, several classes of additives are becoming commoditised, thereby losing their importance as specialty chemicals, says the analyst.
However, as underwriting skills throughout the world develop, more classes of business have become commoditised and Lloyd's must develop new products.
It pioneered and eventually withdrew from manufacturing personal computers when they became commoditised and could be made more cheaply by somebody else.
This is a generation that will know of nothing that isn't commoditised and cannot be packaged up and sold back to us.
Bidders are likely to offload parts of the group, which has struggled as its market has become increasingly commoditised.

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