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	<title>Travis R. Martin, CPA &#187; Name Brands</title>
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	<description>Lesson Plans and Insight from a Business Educator, MBA Student, and All-Around Swell Guy</description>
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		<title>Personal Finance Lesson: Name Brands vs. Private Label Taste Test</title>
		<link>http://travisrmartin.com/2010/02/personal-finance-lesson-name-brands-vs-private-label-taste-test/</link>
		<comments>http://travisrmartin.com/2010/02/personal-finance-lesson-name-brands-vs-private-label-taste-test/#comments</comments>
		<pubDate>Fri, 19 Feb 2010 21:00:37 +0000</pubDate>
		<dc:creator>travisrmartin</dc:creator>
				<category><![CDATA[Lesson Plans]]></category>
		<category><![CDATA[Advertising]]></category>
		<category><![CDATA[High School]]></category>
		<category><![CDATA[Name Brands]]></category>
		<category><![CDATA[Personal Finance]]></category>
		<category><![CDATA[Taste Test]]></category>

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		<description><![CDATA[From an early age, we as consumers have been conditioned by the likes of Chef Boyardee and Chester Cheetah to reach for their products when grocery shopping. We assume that we choose name brands, like Cheetos, over their generic counterparts because the name brands are of higher quality. But is this always the case?


Related posts:<ol><li><a href='http://travisrmartin.com/2010/03/personal-finance-lesson-being-a-savvy-grocery-shopper/' rel='bookmark' title='Permanent Link: Personal Finance Lesson: Being a Savvy Grocery Shopper'>Personal Finance Lesson: Being a Savvy Grocery Shopper</a></li>
<li><a href='http://travisrmartin.com/2010/04/personal-finance-lesson-choosing-a-bank/' rel='bookmark' title='Permanent Link: Personal Finance Lesson: Choosing a Bank'>Personal Finance Lesson: Choosing a Bank</a></li>
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</ol>]]></description>
			<content:encoded><![CDATA[<p><strong><span style="text-decoration: underline;">Lesson Description</span></strong></p>
<div id="attachment_634" class="wp-caption alignleft" style="width: 310px"><a href="http://travisrmartin.com/wordpress/wp-content/uploads/2010/02/Mr.-Martin-1st-period-006.jpg"><img class="size-medium wp-image-634" title="Generic vs. Name Brand Taste Test" src="http://travisrmartin.com/wordpress/wp-content/uploads/2010/02/Mr.-Martin-1st-period-006-300x224.jpg" alt="" width="300" height="224" /></a><p class="wp-caption-text">Generic vs. Name Brand Taste Test</p></div>
<p>From an early age, we as consumers have been conditioned by the likes of Chef Boyardee and Chester Cheetah to reach for their products when grocery shopping. We assume that we choose name brands, like Cheetos, over their generic counterparts because the name brands are of higher quality. But is this always the case?</p>
<p>In this activity, students participate in a blind taste test that pits name brand foods against their private label (generic) equivalents.  Included in the taste test are the name brand/private label equivalents for: Sprite, Orange Juice, Bottled Water, Pop Tarts, Cereal Bars, Fruit Cocktail, Cheetos, Cheez-Its, and Froot Loops.</p>
<p>Students sample each product and then complete a form that indicates which product they believe is the name brand, and which they believe is the better of the two products.</p>
<p>Inevitably, students are not always able to correctly identify name brands in the blind taste test. This leads into a discussion (PowerPoint provided) of why name brand foods are more expensive, as well as the cost savings that we can recognize by substituting private labels for name brands.</p>
<div id="attachment_636" class="wp-caption alignright" style="width: 234px"><a href="http://travisrmartin.com/wordpress/wp-content/uploads/2010/02/Mr.-Martin-1st-period-012.jpg"><img class="size-medium wp-image-636" title="Students Taste Test of Generic and Name Brand Foods" src="http://travisrmartin.com/wordpress/wp-content/uploads/2010/02/Mr.-Martin-1st-period-012-224x300.jpg" alt="Students Participating in Taste Test of Generic and Name Brand Foods" width="224" height="300" /></a><p class="wp-caption-text">Students Participating in Taste Test of Generic and Name Brand Foods</p></div>
<p><strong><span style="text-decoration: underline;">Lesson Resources</span></strong></p>
<p><a href="http://travisrmartin.com/wordpress/wp-content/uploads/2010/02/Taste-Test-Scorecard.pdf">Worksheet: Taste Test Scorecard</a></p>
<p><a href="http://travisrmartin.com/wordpress/wp-content/uploads/2010/02/Generic-vs.-Name-Brand-Foods.pptx">PowerPoint Discussion: Generic (Private Label) vs. Name Brand Foods</a></p>
<p><a href="http://money.cnn.com/2010/02/15/news/companies/walmart_dropping_brands/" target="_self">Article: Dumped! Brand Names Fight to Stay in Stores</a></p>
<p><span style="text-decoration: underline;"><strong>Lesson Extensions</strong></span></p>
<ul>
<li>Marketing &#8211; this lesson could also be used in a Marketing course</li>
<li>Personal Finance &#8211; I often add a component the requires students to devise a weekly menu and compare prices on the items at their local grocery store</li>
</ul>
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<p>Related posts:<ol><li><a href='http://travisrmartin.com/2010/03/personal-finance-lesson-being-a-savvy-grocery-shopper/' rel='bookmark' title='Permanent Link: Personal Finance Lesson: Being a Savvy Grocery Shopper'>Personal Finance Lesson: Being a Savvy Grocery Shopper</a></li>
<li><a href='http://travisrmartin.com/2010/04/personal-finance-lesson-choosing-a-bank/' rel='bookmark' title='Permanent Link: Personal Finance Lesson: Choosing a Bank'>Personal Finance Lesson: Choosing a Bank</a></li>
<li><a href='http://travisrmartin.com/2010/03/personal-finance-lesson-budgeting-101/' rel='bookmark' title='Permanent Link: Personal Finance Lesson: Budgeting 101'>Personal Finance Lesson: Budgeting 101</a></li>
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