Everybody does.
A few years ago at a mom and pop shop, there were a number of Chinese cheap imports that were clearly Ibanez RG ripoffs.  Same headstock shape and a few other appointments.  I asked about them.  The owner said they were existing stock from a Chinese factory that made Ibanezes, but dud not renew their order.  The bodies were slightly changed and control layout was weird.  He said someone bought them up, changed the guitar the legal 10%, finished them, rebranded them and sold them in bulk to highest bidder.
But yes, everyone makes a single cut, mahogany bodied, maple capped, 24 3/4" scale, dual humbuckered, 4 controls, toggle in upper bout guitar.