Question

Which of these statements about generic products are TRUE? Generic products are more recognizable than brand name products. Companies usually spend little money on the promotion of generic products. Generic products are always lower in quality than brand name products. All of the above

Answer 1

Companies usually spend less on promotion for generic products, which contributes to their lower cost, but generics are not necessarily lower in quality than brand-name products and are typically less recognizable due to less marketing.

Step-by-step explanation:

The statement that 'Companies usually spend little money on the promotion of generic products' is TRUE. In contrast to brand-name products, generic products often have less advertising, which is one of the factors that make them less expensive. The money saved on promotion and marketing contributes to the lower cost of generic products. However, it is not accurate to say that generic products are always lower in quality than brand-name products. The U.S. Food and Drug Administration (FDA) requires that generic drugs must be therapeutically equivalent to their branded counterparts. Finally, generic products are typically less recognizable than brand-name products because they have not been marketed as extensively.

Answer 2

1.Companies often spend a little money on the promotion of generic products.

2.The generic products are more recognizable brand-name products.

Step-by-step explanation:

1.The generic products are those that have lost their identity as a brand, for lack of good strategies of advertising and marketing.

2 By not having strategies that promote and boost the brand of these products, are recognizable by their features but not by its brand.