MSRP: Manufacturer Suggested Retail Price

MSRP stands for Manufacturer Suggested Retail Price. It's the price recommended by the manufacturer for selling a product to consumers at retail stores. This price serves as a suggested guideline for retailers, but they're not obligated to sell the product at this price. Instead, retailers may choose to set their own prices based on factors like competition, demand, and market conditions. The MSRP or manufacturers retail price helps consumers understand the product's value and compare prices across different retailers.

Other Glossary Items