Business terms and jargon explained. Your business dictionary

What is List Price

This is the standard listed retail price for retailers to sell at. This can be decided by the industry or a manufacturer/producer. It is the suggested retail price. There is sometimes an agreement between the manufacturers or producer to fix the retail price and the supply price to the retailer is based on the retail price. This is generally done for promotions or two for one deals to incentivise the public into buying their products.

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Agency Agreement
To use when a business wishes to appoint an agent to promote its products or services.
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Protects the rights of individuals and the company and let everyone know where they stand
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Term created / updated 2017-05-18 14:59:45

Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.

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