To get all k-letter combinations from an arbitrary alphabet, use
n = length(alphabet);
aux = dec2base(0:n^k-1,n)
aux2 = aux-'A';
ind = aux2<0;
aux2(ind) = aux(ind)-'0'
aux2(~ind) = aux2(~ind)+10;
words = alphabet(aux2+1)
The alphabet may consist of up to 36 elements (as per dec2base). Those elements may be numbers or characters.
How this works:
The numbers 0, 1, ... , n^k-1 when expressed in base n give all groups of k numbers taken from 0,...,n-1. dec2base does the conversion to base n, but gives the result in form of strings, so need to convert to the corresponding number (that's part with aux and aux2). We then add 1 to make the numbers 1,..., n. Finally, we index alphabet with that to use the real letters of numbers of the alphabet.
Example with letters:
>> alphabet = 'abc';
>> k = 2;
>> words
words =
aa
ab
ac
ba
bb
bc
ca
cb
cc
Example with numbers:
>> alphabet = [1 3 5 7];
>> k = 2;
>> words
words =
1 1
1 3
1 5
1 7
3 1
3 3
3 5
3 7
5 1
5 3
5 5
5 7
7 1
7 3
7 5
7 7