commoditize

Example:The company is working to standardize its product to reduce costs and improve efficiency.

Definition:To make standard; to make uniform in size, form, or manner, especially in reference to a pattern, model, or gauge.

Example:Advancements in technology have reduced the cost and thus reduced much household equipment to a common level.

Definition:To make something common and ordinary, making it available and affordable similar to others.

Example:The factory has been industrialized to increase the production of its products.

Definition:To make (an industry) more productive, efficient, and competitive, typically through the use of machines and assembly line techniques.