BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Manufacturer’s suggested retail price (MSRP) is the price that the maker of a product recommends for it in customer-facing retail stores. A MSRP is commonly 2.5 to 3 times a wholesale price. Typically, retail establishments set their list price at or below the MSRP.

Detailed explanation-2: -The Manufacturer Suggested Retail Price (MSRP) is the price that the automaker – the manufacturer – suggests that the dealer ask for the vehicle. It does not have to be the actual price that you pay. Many consumers negotiate to purchase the vehicle for a price below the MSRP.

Detailed explanation-3: -The list price may also be the manufacturer’s suggested retail price (MSRP) or sticker price; however, list price is context-dependent. The MSRP is the price that the manufacturer has arrived at for a product, taking into account the cost of production and other factors.

Detailed explanation-4: -The Manufacturer’s Suggested Retail Price (MSRP), also known simply as the list price, is the price at which a manufacturer recommends that a particular product be sold in retail outlets. The MSRP is also variously known as the recommended retail price (RRP), the suggested retail price (SRP) or the sticker price.

Detailed explanation-5: -The retail price of something is the price it is on sale for in a shop.