ANSWERS: 7
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Not always ... Sometimes, generic products are produced by the same company that produces brand-name products (at least here in my country)
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Sometimes yes,sometimes no. In some cases the products made be made with differnt chemicals or differnt materials (depending on what the product is), but in other cases the prodcuts are mostly the same. the reason the price would be higher is because the company that owns the product can sell it higher because they out there name on it and make money off of it. so really, It depeneds on the product.
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Like danielitox said, a lot of the time the generic and brand-name products are produced by the same company. In some cases the generic products are even better than the brand-name ones, but it really depends what category of products you're talking about. There are some products where you're actually paying for the quality of the brand more than the brand-name. If you take the example of Le Tanneur and Bally, they both produce leather products, but the briefcases from Le Tanneur last much longer, despite the fact they cost 25% of those from Bally. Why pay more for Bally? Because it's more famous and it's more well-known and its got a snob factor :) Message: Don't be blinded by brands!
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In most cases it is the brand name products who make the store brand products especially in the grocery business.
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Most of the time, brand name products are better quality than generic products. Generic brands are inexpensive because the manufacturers cut costs by spending less money on material and ingredients. But it may be up to you if it really is better. To me, brand name Macaroni and Cheese is better than generic brands because of the taste. it is noticeably different. Some things aren't really proven to be better to me because I have a generic mattress, and it works just as fine if I had a brand-name one. The good question to ask before your purchases is "How much am I willing to pay if I might not be able to tell the difference?"
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I'm always struck with this question. I always thought they were the same, but I'm starting to believe otherwise. For example, brand-names are the official creator of that product. If a store-brand makes it, it displays an example of possible patent/copyright infringement of the product's recipes, or ingredients. Another thing, most of the time you can be guaranteed the brand-name will have better ingredients. Store-brands may have unhealthier ingredients, to imitate the special flavor of the long-lived brand-names. But that leaves me with another question, do they REALLY know how to make it, or are they using certain ingredients which are bad for you to mimick the flavor? They probably know the recipe. Have you noticed how the store-brand tastes just like the brand-name? They probably know the recipe, and/or the brand-name makes the store-brand, but at a lesser quality, and therefore, a cheaper price.
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Sometimes yes sometimes no. Sometimes the generic product is made by the branded company, but even then the generic product might be the ones that failed quality control but were deemed 'still too good to throw in the bin'. Supermarkets now like generic products because they can get any company to make the product, therefore producers lose their 'brand name premium' - if they don't take the price set by the supermarket, the supermarket will buy cheaper elsewhere. That doesn't mean the product will be cheaper when it hits the shelves. It just lets the supermarket have a bigger profit margin.
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