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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
In addition, the transparency and reporting will enable the bank to centralise commoditised processes, allowing specialists to add real value elsewhere.
Moreover, due to slow market growth, several classes of additives are becoming commoditised, thereby losing their importance as specialty chemicals, says the analyst.
Both products had suddenly become commoditised, barriers to entry were very low, and prices were dropping dramatically.
These smaller players risk finding themselves commoditised as the tier of global providers becomes more able to challenge national specialists in their own markets.
His goods have become commoditised, sales are slowing, while rents and labour costs are rising.
Cider has been commoditised by deeper and deeper discounting and increasingly ludicrous promotions in the on and off-trades.

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