Company News, Marketing News

What’s a Brand Worth?

Americans spend billions for brand names

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By: TOM BRANNA

Editor

Forty-four billion dollars. No, it's not some new program or weapons system being debated in Congress, it's the amount of money consumers spend when they select brand name products rather than generic ones. According to research from the National Bureau of Economic Research, some of the preference for branded products is due to advertising. The authors of the study believe that, in part, “misinformation” may contribute to the impression that branded products are better than generics. ...

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