Definition of 'Generic Brand'
There are a few reasons why generic brands are often cheaper than brand-name products. First, generic brands do not have to spend as much money on marketing and advertising. Second, generic brands can often use less expensive ingredients than brand-name products. Third, generic brands are often produced by the same manufacturers as brand-name products.
There are a few things to keep in mind when choosing between a generic brand and a brand-name product. First, you should consider the quality of the product. If you are familiar with a brand-name product and you are happy with the quality, then you may want to stick with that brand. However, if you are not familiar with a brand-name product, or if you have had bad experiences with brand-name products in the past, then you may want to try a generic brand.
Second, you should consider the price of the product. Generic brands are often much cheaper than brand-name products. However, you should not always choose the cheapest product. If you are not familiar with a generic brand, you may want to do some research to make sure that the product is of good quality.
Third, you should consider the convenience of the product. If you are looking for a product that is easy to find and that you can easily compare prices on, then you may want to choose a brand-name product. However, if you are not concerned about convenience, then you may want to try a generic brand.
Ultimately, the decision of whether to choose a generic brand or a brand-name product is a personal one. You should consider the factors discussed above to make the best decision for you.
Do you have a trading or investing definition for our dictionary? Click the Create Definition link to add your own definition. You will earn 150 bonus reputation points for each definition that is accepted.
Is this definition wrong? Let us know by posting to the forum and we will correct it.