White Labeling: Streamlining Product Distribution
- Definition: White labeling refers to a process where one company produces goods or services and another company rebrands and sells them as their own.
- Process:
- A manufacturer creates a generic product or service.
- Another company purchases these products/services and adds their branding and identity.
- The rebranded products are then marketed and sold under the purchasing company's name.
- Benefits:
- Allows companies to offer a wider range of products/services without extensive development costs.
- Accelerates time to market.
- Enhances brand visibility and recognition.
- Examples:
- Software companies offering white-labeled solutions to businesses.
- Supermarkets selling generic products under their own brand names.
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