Question

Will you consider a store brand over a more well-known brand for all product categories or...

Will you consider a store brand over a more well-known brand for all product categories or are there some products you seek out when only the brand will do? (you may think outside of apparel here).

Can you think of a recent private-label purchase that was either surprisingly satisfying or disappointing?

Homework Answers

Answer #1

Personally I prefer well-known brands as much as possible compared to the store brands even though the quality is almost the same in many of the products, especially for the edible items. This is because well-known brands will be having the necessary quality certifications and licenses (like FSSAI in India, FDA in the US, etc., ) compared to the store brands. Apart from them, I used to choose store brands for products if they satisfy the quality needs and if I have tried and satisfied with them compared to the other brands. Before I had a perception that well-known brands are costlier because of several factors like the marketing strategies they have adopted, unique packaging, etc., but once I pushed myself to try them, I realized that most of them are not costlier compared to the quality while some of them even they, if they are costlier, seems reasonable. For example, If I buy a normal shoe from a regular store, I last for a year maximum. The same product, in a well-known brand, lasts for another additional year even if the price is high. By calculating the overall money I was sending, I realized that I am spending more on the regular store brands thinking that I am saving money while I am not.

The recent private-label purchase that I was surprisingly satisfied is Zara. Zara works on an internal product development in which they don’t sell other brands in their stores. This is mainly because of the quality of the product compared to its price. I bought a blazer in Zara that was used for a wedding function, and the price of the product is cheaper than I expected as the quality of the blazer was close to premium one. Apart from the quality of the material, the fittings best suited my body when I was trying different brands which didn’t suit me well. The brand surprised my very much that I was even wondering why I didn't consider the same for my previous purchases.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
                Assume you are the CFO of a factory that supplies product to a large well-known...
                Assume you are the CFO of a factory that supplies product to a large well-known retail chain. It is your company's policy, and the general policy of your competitors, to offer product to this retail chain on credit terms of 2/10, net 30. However, it turns out that this large well-known retail chain consistently takes the 2% discount AND pays in 60 days. When pressed, the retail chain responds to all the suppliers that they can choose to either...
6. Every time you go to the store, you purchase Charmin toilet paper. You don’t really...
6. Every time you go to the store, you purchase Charmin toilet paper. You don’t really think about why you purchase Charmin because you purchase it out of habit. What type of purchase decision making is this? A Select one: a. Intermediate problem solving b. Bounded rationality c. Routine choice d. Extensive problem solving e. Neutral decision making 7. When consumers shop for new automobiles, they often are consider the braking system. Most consumers feel that an anti-lock braking system...
**[70 pts]** You will be writing a (rather primitive) online store simulator. It will have these...
**[70 pts]** You will be writing a (rather primitive) online store simulator. It will have these classes: Product, Customer, and Store. All data members of each class should be marked as **private** (a leading underscore in the name). Since they're private, if you need to access them from outside the class, you should do so via get or set methods. Any get or set methods should be named per the usual convention ("get_" or "set_" followed by the name of...
Visual Merchandising at Vintage Treasures The environment in a store, the design of the store, and...
Visual Merchandising at Vintage Treasures The environment in a store, the design of the store, and the presentation and location of merchandise in the store have a significant impact on shopping behavior. Store managers are responsible for implementing the design and visual merchandising developed by specialists at the retailer's corporate headquarters. Store design and visual merchandising are also elements of a retailer's communication mix and play an important role in creating and reinforcing a retailer's brand image. Brandi is the...
Repackaging a Global Brand: A Case Study Analyzing the Capital Expenditure Decision INTRODUCTION It is early...
Repackaging a Global Brand: A Case Study Analyzing the Capital Expenditure Decision INTRODUCTION It is early 2014. A leading global skincare manufacturer, Health & Beauty Co. (HBC), has been losing market share in the hand and body lotion market. While the firm still leads its competitors in market share in this segment of personal care, it seeks to stem further share erosion and, to that end, has recently developed a strategy to recover market share through rebranding, advertising, and repackaging....
In February 2012, the Pepsi Next product was launched into the US market. This case study...
In February 2012, the Pepsi Next product was launched into the US market. This case study provides students with an interesting insight into PepsiCo’s new product process and some of the challenging decisions that they faced along the way. Pepsi Next Case Study Introduction Pepsi Next was launched by PepsiCo into the US market in February 2012, and has since been rolled out to various international markets (for instance, it was launched in Australia in September 2012). The new product...
300 words:      (b) Do you think that it is appropriate for firms like Black Diamond...
300 words:      (b) Do you think that it is appropriate for firms like Black Diamond to scrutinize its partner factories like this?      (c) Why or why not? case study Task: Read the “Black Diamond Equipment” case below and then answer the following questions. >> The way that Black Diamond is run, I don't really consider this the American way, I consider Black Diamond an extension of the attitude, the culture, the ethos, and the values of the life...
Liuyang has been known for centuries as the hometown of firecrackers and fireworks.   Today, nearly all...
Liuyang has been known for centuries as the hometown of firecrackers and fireworks.   Today, nearly all adults throughout the province understand the process of manufacturing fireworks, and many of them have actually made fireworks at one point or another in their lives.   During peak periods, approximately one-third of the population is employed in the fireworks industry.   Many workers were farmers who only worked in the fireworks manufacturing facilities during peak periods.   They came in from the farms year after year...
You are tasked to design the ER diagram for the database for the 3S clothing store....
You are tasked to design the ER diagram for the database for the 3S clothing store. Data requirements are as given below. • Information about 3S employees includes a unique employee ID, and his/her name and position. • Each customer of 3S is identified by a customer ID, and has a name. • Information about the suppliers of 3S include a unique name, and a contact phone number. • Clothes stocked by 3S are described by a product code, size,...
2) “Your client Family Dollar Stores Inc. is a chain of dollar stores across the United...
2) “Your client Family Dollar Stores Inc. is a chain of dollar stores across the United States. A dollar store, also known as variety store, is a retail store that sells a wide range of inexpensive household goods including food and drink, personal hygiene products, small home and garden tools, office supplies, decorations, electronics, garden plants, toys, pet supplies, remaindered books, recorded media, and motor and bike consumables. Although the overall dollar store business has boomed as a result of...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT