X

SRP meaning in Accounts and Finance ?

( 5 )  .  1 Rating
1629 views   .  0 comments  .   . 

Download Solution PDF

Answer: What is 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
Science Research Programme Academic & Science
Summer Reading Program Academic & Science
Superfund Research Program Academic & Science
Student Research Participation Academic & Science
Student Residencies Project Academic & Science
Student Research Program Academic & Science
Society for Research in Psychopathology Academic & Science
Research Positions Academic & Science
Soluble Reactive Phosphorus Academic & Science
Senior Research Project Academic & Science
Student Recruitment and Placement Academic & Science
Suggested Retail Price Accounts and Finance
Stord Airport Code
Shared-profit Rewards Program Business
Standard Replenishment Product Business
Serco Group, P.L.C. Business
Shelf Ready Packaging Business
Service-Related Product Business
Superior Radiant Products Business
Sportsman Racing Products Business
Sierra Pacific Resources Business
Salt River Project Business
Supplemental Reading Program Community
School Recycling Program Community
School Review Panel Community
School Readiness Program Community
School Related Personnel Community
Standard Rate Plan Community
Scalable Resource reservation Protocol Computer and Networking
Server Requester Protocol Computer and Networking
Server Redundancy Protocol Computing
Static Routing Protocol Computing
Supreme Role Playing Computing
Software Restriction Policies Computing
Sampling Rotational Program Computing
Software Rapid Prototype Computing
System Restore Point Computing
Software Reuse Program Computing
Source Routing Protocol Computing
Simple Registrar Protocol Computing
Secure Resource Partitions Computing
Specialized Resource Report Computing
Services Resource Planning Computing
Starpunk Cryptocurrency
Spreading Resistance Probe Electronics
Seth Restructure Project General
Single Responsibility Principle General
Shorebird Recovery Project General
Service Release Premium General
Solution Ready Platform General
Scientific Review Panel General
Soil Return Pipe General
Sales Reporting Portal General
Search Results Page General
Shared Responsibility Payment General
Standard Response Protocol General
Site Remediation Program General
Safety Review Panel General
Savannah River Plant General
System for Restraint and Protection General
Systeme Renault pour Protection General
Sports Racing Prototypes General
Safer Roads Partnership General
Salon Retromobile Paris General
Secondary Road Patrol General
Shasta Raceway Park General
Sheldon Road Plant General
Smart Route Planner General
Seat Reference Point General
Standard Range Plus General
Scaling and Root Planing General
Siderophore Receptors and Porins General
Security Rollup Package General
Subtractive Rapid Prototyping General
Super Random Parodies General
Spectral Radius Preserving General
SCSI RDMA Protocol General
Signal Recognition Particle General
Snake River Prototyping General
Standard Review Plan General
Stationary Ramsey Property General
Scaling Root Planing General
Singapore Register of Psychologists General
Scaling and Root Planning General
Sustainable Rice Platform General
Single Raised Pot General
Strategic Research Program Governmental
Society Reactionary Protest Governmental
Service Resource Planning Governmental
Syria Response Plan Governmental
Speed Responsive Presserfoot Governmental
Scientific Research Permit Governmental
Syrian Response Plan Governmental
Sustainable Range Program Governmental
SERAMPORE Indian Railway Station
State Registered Physiotherapist Jobs
Skills Redevelopment Programme Jobs
Surveillance Research Program Medical
Soldier Readiness Process Military and Defence
Soldier Readiness Processing Military and Defence
Sealift Readiness Program Military and Defence
Sealift Reserve Program Military and Defence
Seaward Recovery Point Military and Defence
Single Integrated Operational Plan (siop) Reconnaissance Plan Military and Defence
Secure Remote Password Networking
Server Routing Protocol Networking
Safe Handling Rail Regional
Stord, Norway Regional
Software Restriction Policy Softwares
Software Requirements Planning Softwares
Spokane Raceway Park Sports
Security Race Products Sports
Specialized Resource Point Telecommunication
Spatial Reuse Protocol Telecommunication

Take Quiz To Earn Credits!

Turn Your Knowledge into Earnings.




Give Rating
Report
Write Your Comments or Explanations to Help Others
Comments(0)





Miscellaneous in Accounts and Finance
Miscellaneous in Accounts and Finance

Ever curious about what that abbreviation stands for? fullforms has got them all listed out for you to explore. Simply,Choose a subject/topic and get started on a self-paced learning journey in a world of fullforms.

Explore Other Libraries

X

Important Accounts and Finance Links





Copyright (c) 2021 TuteeHUB

OPEN APP
Channel Join Group Join