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In merchandising terms, "SRP" stands for Suggested Retail Price. It refers to the price that manufacturers recommend retailers charge for a product. The SRP serves as a guideline for pricing, helping to standardize prices across the market while allowing retailers some flexibility to adjust based on their business strategies.

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What are the five r's of merchandising?

The five R's of merchandising are the right product, at the right price, in the right place, at the right time, and in the right quantity. These principles aim to optimize inventory management and ensure customer satisfaction by aligning offerings with consumer demand. Effectively implementing these R's helps retailers maximize sales and minimize waste.


What are the 5 r's of merchandising?

The 5 R's of merchandising are the right product, at the right place, at the right time, in the right quantity, and at the right price. These principles guide retailers in making effective inventory and sales decisions to meet customer demand and maximize profitability. By ensuring these elements are aligned, businesses can enhance customer satisfaction and streamline operations.


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