retail price maintenance
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retail price maintenance — UK US noun [U] (ABBREVIATION RPM) COMMERCE ► RESALE PRICE MAINTENANCE(Cf. ↑resale price maintenance): »The Office of Fair Trading decided against retail price maintenance on over the counter branded medicines … Financial and business terms
retail price maintenance — noun the restrictive trade practice of a supplier fixing the minimum price of a commodity for all subsequent levels of its distribution …
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
resale price maintenance — UK US noun [U] (also retail price maintenance, ABBREVIATION RPM) COMMERCE, FINANCE ► a system in which the price of goods is controlled by the manufacturer, so that sellers are not allowed to reduce the price for customers: »The Monopolies and… … 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
resale price maintenance — RPM Formerly, an agreement between a manufacturer, wholesaler, or retailer not to sell a specified product below a fixed price, usually one given by the manufacturer. The purpose was to ensure that all parties were allowed to make a reasonable… … Big dictionary of business and management
resale price maintenance — noun the establishment of a fixed or minimum retail price for branded products, by agreement between manufacturer and retailer …
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
price-fixing — ˈprice ˌfixing noun [uncountable] 1. COMMERCE LAW when companies in an industry agree on the prices they will charge for something. This form of price fixing is done so that companies avoid competing with each other, and is normally illegal: •… … Financial and business terms
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
