Which of the following statements is accurate about private brand strategies?

Private brand strategies are indeed often less expensive than national brands. This pricing strategy allows retailers to offer consumers cost-effective alternatives without compromising on quality. Private brands, which are owned by the retailer rather than by the manufacturer, frequently have lower production and marketing costs compared to national brands. This cost efficiency can translate into lower prices for consumers, making private brands more appealing from a price perspective.

In addition to pricing, private brand strategies often focus on building brand loyalty through unique value propositions, such as exclusivity or tailored offerings that resonate with specific target markets. This is why private brands can be an attractive option for both retailers and consumers who seek quality at a better value.

The other statements do not accurately reflect the broader characteristics of private brand strategies. For example, while celebrity endorsements are more common among national brands, private brands can still engage in such marketing strategies if they choose. Similarly, private brands can be exclusive or non-exclusive depending on the retailer's strategy, and their offerings are not limited solely to fashion items. They can span a wide variety of product categories including household goods, grocery items, and more.