MSRP stands for Manufacturer’s Suggested Retail Price. It’s the suggested price that manufacturers recommend retailers sell their products for. The MSRP is not a fixed price, and retailers are free to sell products for whatever price they want. However, it provides customers with a reference point to compare prices and make informed purchasing decisions. The… Continue reading What Does MSRP Mean?
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What is MSRP?
MSRP stands for Manufacturer Suggested Retail Price, which is the recommended price a retailer should charge for a product. This article gives you a quick guide on what MSRP is, where it came from, and how it’s used today by manufacturers and retailers. Manufacturers typically set the MSRP for their products based on various factors,… Continue reading What is MSRP?
