manufacturer's recommended price

manufacturer's recommended price manufacturer's recommended price price1

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manufacturer's recommended price UK US noun [C] (ABBREVIATION MRP, also manufacturer's suggested retail price, ABBREVIATION MSRP)
COMMERCE the price that a manufacturer suggests customers should pay for a product
See also RECOMMENDED RETAIL PRICE(Cf. ↑recommended retail price)

Financial and business terms. 2012.

Look at other dictionaries:

  • manufacturer’s recommended price — /mænjυˌfæktʃərəz ˌrekəmendɪd praɪs/ noun a price at which the manufacturer suggests the product should be sold on the retail market, which is often reduced by the retailer ● ‘All china – 20% off the manufacturer’s recommended price’ Abbr MRP …   Marketing dictionary in english

  • price — A fixed value of something. Prices are usually expressed in monetary terms. In a free market, prices are set as a result of the interaction of supply and demand in a market; when demand for a product increases and supply remains constant, the… …   Financial and business terms

  • recommended retail price — /ˌrekəmendɪd ri:teɪl praɪs/ noun the price at which a manufacturer suggests a product should be sold on the retail market, though this may be reduced by the retailer. Abbreviation RRP. Also called administered price, manufacturer’s recommended… …   Dictionary of banking and finance

  • recommended retail price — RRP The price that a manufacturer recommends as the retail price for his product. Under the Competition Act (1998) the manufacturer has no legal power to enforce this recommendation. The RRP is also called the manufacturers recommended price… …   Big dictionary of business and management

  • recommended retail price — ➔ price1 * * * recommended retail price UK US noun [S] (US suggested retail price, ABBREVIATION RRP) ► COMMERCE, MARKETING the price that customers should pay for goods according to the manufacturer: »The publisher may inc …   Financial and business terms

  • price maintenance — ▪ economics also called  resale price maintenance        measures taken by manufacturers or distributors to control the resale prices of their products charged by resellers. The practice is more effective in retail sales than at other levels of… …   Universalium

  • recommended retail price — /ˌrekəmendɪd ri:teɪl praɪs/ noun the price at which a manufacturer suggests a product should be sold on the retail market, though this may be reduced by the retailer. Abbr RRP …   Marketing dictionary in english

  • Suggested retail price — The manufacturer s suggested retail price (MSRP), list price or recommended retail price (RRP) of a product is the price which the manufacturer recommends that the retailer sell the product. The intention was to help to standardise prices among… …   Wikipedia

  • list price — noun the selling price of something as stated in a catalogue or price list; often subject to discounts I got it at 30% off the list price • Hypernyms: ↑asking price, ↑selling price * * * noun : the basic price of an item as published in a catalog …   Useful english dictionary

  • Resale price maintenance — (RPM) is the practice whereby a manufacturer and its distributors agree that the latter will sell the former s product at certain prices (resale price maintenance), at or above a price floor (minimum resale price maintenance) or at or below a… …   Wikipedia

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