0
Can A product sell for its Manufacturers Suggested Retail Price?
Wiki User
∙ 14y ago
Usually, yes, that's the point. All "Manufacturer's Suggested Retail Price" means, is that the price of the MSRP is the lowest price that the retailer can advertise. The retailer can choose to sell at a lower price than MSRP, but cannot advertise it. The retailer is allowed to charge a higher price, if they choose, and advertise at the higher price, also if they choose to, but in most cases would be foolish to do so.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
Does net price refer to manufactures suggested retail price or wholesale price?
Net price is wholesale pricing. This usually indicates that the manufacturer does not have a set retail price for its product, and whatever you retail the product for is up to you. So check with your competitors as to what is the average markup on that product for your industry.
What is lower MSRP or retail price?
It depends on the product, the manufacturer and the demand for the product. A Manufacturer establishes the Suggested Retail Price (MSRP); however, the retail price is set by each individual retail outlet. Generally speaking, you would expect the retail price to be lower than MSRP, especially if the item is advertised "on sale". However, there are times when the manufacturer might put pressure on the retailers to sell the product at MSRP (no discount and no premium); and in that case, MSRP is equal to, or the same as the retail price. This is typical of game boxes such as Nintendo or Xbox. Also, there are times when demand is greater than supply and retailers will sell the product above MSRP. This sometimes happens with a new model vehicle like the first year(s) of the Mazda Miata or the new Mini Cooper.
What is the meanning of retail price?
how much stores sell the particular product forthe word retail price means .. the price paid by the consumer.:)
What is the difference between SRP and wholesale price a health food store pays say GNC?
Wholesale price is the price paid when buying on bulk. Usually a discounted prices. Srp is the suggested retail price or the markup suggested by the supplier or manufacturer.
What is the difference in buying spa products at wholesale and retail price?
There is a large difference between wholesale and retail prices for any product. Wholesale price are much lower so the retailer is able to markup the price and make a profit off the sale of the item.
What does the acronym MSP stand for in retail?
manufacturers suggested price
What is the suggested retail price?
A manufacturer gives a suggested price for his product. Stores are free to set their own prices, but when dealing with a manufacturer the suggested retail price is what they go by.
What is the manufacturers suggested retail price for the most current iPod Shuffle?
The manufacturers suggested retail price of the most current ipod shuffle is $120. Usually stores increase price to make their own profit. The price increases about 20 percent depending on the store.
Does net price refer to manufactures suggested retail price or wholesale price?
Net price is wholesale pricing. This usually indicates that the manufacturer does not have a set retail price for its product, and whatever you retail the product for is up to you. So check with your competitors as to what is the average markup on that product for your industry.
Who sets retail prices?
Retailers are given a price from the manufacturer for what they believe their product should be sold for. This is known as the manufacturer's suggested retail price. The individual stores, however, can price the product as they see fit.
What was the original price of a LP in 1967?
$5.98 U.S. to $6.98 U.S. MSRP( Manufacturers Suggested Retail Price). In other words:Around $5.00 U.S.
What does MSRP stands for?
Manufacturer's suggested retail price
What is the price of something called?
(MSRP) Manufactures Suggested Retail Price.
What's an SRP in retail stores?
The meaning of SRP in retail stores is, Suggested Retail Price.
What is does msrp mean?
Manufacturer's Suggested Retail Price
How much does Microsoft Windows 2000 cost?
It depends on the precise flavor. The cheapest one you can actually buy has a suggested retail price of about $200 (if you're upgrading from a previous version of Windows, make that $120 instead).
What are the starting prices for the GMC Acadia?
The GMC Acadia has a manufacturers suggested retail price starting at $32,000. After adding on optional packages and accessories the price can go as high as $49,000 for a top of the line Denali Model.
