RRP meaning in Business ?

Answer:

What is Recommended 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
Radiation Research Program	Academic & Science
Rush Research Portal	Academic & Science
Research Resource Program	Academic & Science
Rotor Radial Position	Academic & Science
Recommended Retail Price	Business
Roseville Ransbottom Pottery	Business
Robinson Ransbottom Pottery	Business
Realm Resources Limited	Business
Reduced Risk Product	Business
Raw Resource Points	Business
Ribbon Rail Productions	Community
Rapid Response Process	Computing
Router Redundancy Protocol	Computing
Resilient Ring Protocol	Computing
Rapid Reinforcement Plan	Computing
Remote Registry Protocol	Computing
Random Reservation Protocol	Computing
Reservation Request Periods	Computing
Role Resolution Protocol	Computing
Redundant Route Processor	Computing
Round Robin Process	Computing
Registry Registrar Protocol	Computing
Regional Resource Panel	Computing
Recomended Ripoff Price	General
Rita's Rump Pocket	General
Rick Roy Products	General
Registered Refurbisher program	General
Renovate Repair and Paint	General
Random Recursive Partitioning	General
Raptor Resource Project	General
Renovation Repair Painting	General
Rutland Ron Pratt	General
Rich Roll Podcast	General
Roasted Red Peppers	General
Retired Racehorse Project	General
Radical Retropubic Prostatectomy	General
Retail Ready Packaging	General
Renovate Repair and Painting	General
Reaching Right Pressure	General
Reimagined Rotary Phone	General
Relocation Readiness Program	General
Rent Relief Program	General
Recovery and Resilience Plan	General
Rolls Royce Phantom	General
Race Ready Performance	General
Race Ready Package	General
Risk Reduction Program	General
Run-Off Road Protection	General
Regulatory Reform Programme	Governmental
Readily Releasable Pool	Governmental
Akhil Bharatiya Ram Rajya Parishad	Governmental
Regional Response Plan	Governmental
Radio Reconnaissance Platoon	Governmental
Rosenthal Retirement Planning	Governmental
Resource Requirements Planning	Governmental
Regulatory Reform Program	Governmental
RAIRANGPUR	Indian Railway Station
Recinto de Río Piedras	International
Recurrent Respiratory Papillomatosis	Medical
Red Rash Penis	Medical
Residential Rehabilitation Program	Medical
Rape Related Pregnancy	Medical
Renovation, Repair and Painting	Real Estate
Regional Rail Partners	Regional
Rudder Reference Plane	Space Science
Robinson Racing Products	Sports