MSRP meaning in Business ?

Answer:

What is Manufacturer's Suggested Retail Price mean?

The list price, also known as the manufacturer's suggested retail price (MSRP), or the recommended retail price (RRP), or the suggested retail price (SRP) of a product is the price at which the manufacturer recommends that the retailer sell the product. The intention was to help standardize prices among locations. While some shops/stores always sell at, or below, the suggested retail price, others do so only when items are on sale or closeout/clearance.

Suggested pricing methods may conflict with competition theory, as they allow prices to be set higher than would otherwise be the case, potentially negatively affecting consumers. However, resale price maintenance goes further than this and is illegal in many regions.

Much of the time, shops/stores charge less than the suggested retail price, depending upon the actual wholesale cost of each item, usually purchased in bulk from the manufacturer, or in smaller quantities through a distributor.

In certain supply chains, where a manufacturer sells to a wholesale distributor, and the distributor in turn sells to a reseller, the use of SRP is used to denote Suggested Reseller Price. In that case, the list price is used to convey the manufacturer's suggested retail price.

Concepts similar to the list price exist in many countries, but equivalents of the list price often cannot be compared directly internationally since products and services may differ to meet different legal requirements, and price figures communicated to consumers must include taxes and duties (for example) in the EU but not in the US.

India and Bangladesh do not have a list price but instead have a maximum retail price.

reference

Full Form	Category
Multiple Sclerosis Research Program	Academic & Science
Mentored Student Research Program	Academic & Science
Minority Student Recruitment Program	Academic & Science
Medical Student Research Program	Academic & Science
MIT Summer Research Program	Academic & Science
Manufacturer's Suggested Retail Price	Business
Michigan School Readiness Program	Community
Messenger Service Remote Protocol	Computing
Message Session Relay Protocol	General
Maricopa Student Refund Program	General
Manufacturer Suggested Retail Price	General
Main Street Revitalization Program	General
MongoDB Storage Resource Provider	General
Mufacturer Suggested Retail Price	General
Manufactures Suggested Retail Price	General
Manfaucture Suggested Retail Price	General
Manufacturers Sugested Retail Price	General
Mfg Suggest Retail Price	General
Manufactors Suggested Retail Price	General
Manufactured Suggested Retail Price	General
Message Sessions Relay Protocol	General
Manufactures Sugested Retail Price	General
Manufacturers Suggested Retail Prices	General
M Supplementary Retirement Plan	General
Milarpages Supplementary Retirement Plan	General
Multiple String Replacement Program	General
MURHESI RAMPUR	Indian Railway Station
Medical Scholars Research Program	Medical
Medical Sciences Research Program	Medical
Murhesi Rampur railway station	Transport & Travel