Definition : Generic brand

A generic brand is a type of product that is not associated with a specific company or brand name, but rather is sold under a general or common name. These products are often similar to name-brand products in terms of quality and function, but are typically sold at a lower price point. Generic brands are often produced by multiple manufacturers and can be found in a variety of industries, including food, household goods, and pharmaceuticals. While they may lack the recognizable branding of name-brand products, generic brands offer consumers a more affordable option without sacrificing quality.

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