Definition, Meaning & Synonyms
generic product
noun
jəˈnɛrɪk ˈprɒdʌkt
Definition
A generic product is a product that does not have a brand name and is sold under its chemical or common name, often at a lower price than branded counterparts.
Examples
- Many consumers prefer generic products because they offer the same benefits as brand-name products at a fraction of the price.
- Pharmacies often sell generic medications that are equivalent to their branded versions.
- Some generic products may be just as effective, but they might not have the same marketing or packaging.
Meaning
The term refers to products that are typically less expensive alternatives to branded items, and they often contain the same active ingredients and have the same effectiveness as their branded versions.
Synonyms
- unbranded product
- store brand
- non-branded product
