I love staying at those hotels. In fact, I wish hotel rooms were commodities that competed on two factors: cleanliness and quietness. Everything else to me is frivolous, as I'm not interested at all in spending any time in a hotel outside of the time it takes me to get ready in the morning and sleep at night.
Commoditized market does not mean lack of options or low quality goods. It just means the differences are predefined aka it's X octane gas without lead and a bunch of other things that you don't need to see on the pump.
People don't just buy generic meat they buy Grade A (means something) Prime Rib (means something) Angus Beef (means something).
> Commoditized market does not mean lack of options or low quality goods.
No, but it does mean that goods are perfect substitutes that compete only on price, although it is a condition which in practice is approximated more often than actually attained.
> People don't just buy generic meat they buy Grade A (means something) Prime Rib (means something) Angus Beef (means something).
Right. "Meat" isn't even approximately a commodity. A particular cut and grade might be approximately a commodity (though makers will actively seeking to decommoditize it by building brands; no one wants to sell into a commodity market, since basic economics mean that competitive factors will drive market prices in such a market down to producer costs and eliminate profits.)
