Business Terms and Jargon Explained
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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Term created / updated 2017-05-18 14:59:45
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