CMDT meaning in Business ?

Answer:

What is Commodity mean?

In economics, a commodity is an economic good, usually a resource, that has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them.

The price of a commodity good is typically determined as a function of its market as a whole: well-established physical commodities have actively traded spot and derivative markets. The wide availability of commodities typically leads to smaller profit margins and diminishes the importance of factors (such as brand name) other than price.

Most commodities are raw materials, basic resources, agricultural, or mining products, such as iron ore, sugar, or grains like rice and wheat. Commodities can also be mass-produced unspecialized products such as chemicals and computer memory.

reference

Full Form	Category
Consortium for Medical Device Technologies	Academic & Science
Commodity	Business
Current Medical Diagnosis And Treatment	Medical
CURRENT Medical Diagnosis Treatment	Medical
Center for Medical Device Technology	Medical