I'm confused about the concept of SRP. When shopping, I often see products labeled with an SRP, but I'm not sure if it represents the actual price I should pay. Is SRP the real price or just a reference?
5 answers
CryptoVisionary
Fri Nov 08 2024
Manufacturer suggested retail price (MSRP) is prevalent in the retail industry.
EtherealVoyager
Fri Nov 08 2024
This term represents the price that manufacturers recommend for their products.
SakuraBloom
Thu Nov 07 2024
It serves as a guideline for retailers on how much they should sell the products.
Nicola
Thu Nov 07 2024
MSRP is also known by other names such as suggested retail price (SRP).
EthereumLegend
Thu Nov 07 2024
Another term for MSRP is the list price, which is the price listed by the manufacturer.