How is a "bulk commodity" defined?

A "bulk commodity" is defined as a product sold in large quantities, which typically refers to products that are not packaged individually but are instead sold in large sacks, containers, or loose forms. This definition is significant because bulk commodities often include raw materials or basic agricultural products that are traded on a large scale.

This classification is important in the context of regulations and market practices. Bulk commodities can be more cost-effective to transport and store, and they usually have lower prices per unit compared to packaged goods. Understanding this concept is essential for anyone involved in commodity trading, as it influences pricing, handling, and logistics in the supply chain.

The other definitions provided in the options do not adequately capture the characteristics associated with bulk commodities. Individual packaging indicates a consumer goods context rather than bulk commodity trading, while market value does not pertain specifically to the quantity of the product. Perishability is a specific characteristic of certain commodities but does not define the bulk nature of a product. Thus, the most accurate representation of a "bulk commodity" is one that emphasizes its sale in large quantities.