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What determines the cost fluctuations between brands.

SwingsitlikeHogan

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A question for those who know. What components of a golf club are made by the same source manufacturer and then branded and costed and sold accordingly - in the same way that many if not most LCD TV screens are made by the same manufacturers and then used by the known or less known brands - and costed and sold accordingly. Shafts, grips? So do we know the cost drivers in manufacturing a 'no frills' golf club (and by 'no frills' I mean no esoteric technology or features)
 
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