BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -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-2: -Advertised price is the price of a product as advertised through mass media and is generally set by manufacturers and retailers working together. An advertised price cannot be lower than the minimum advertised price (MAP), which helps set market price for an item and gives retailers a built-in profit margin.

Detailed explanation-3: -Marked Price. Marked price also known as the list price is the price that a seller spells out to the purchaser while selling price is the price that the seller actually receives from the buyer after a bargain or making a deal. In general, the selling price is lower than the marked price.

Detailed explanation-4: -Listing price, also known as asking price, refers to how much a seller has listed a property for, and sale price refers to the amount it actually sells for. There is a lot of media attention these days about homes being sold well above their listing or asking price.