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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 its manufacturer notionally recommends that a retailer sell the product. [citation needed] Suggested pricing methods may conflict with competition ...
Range Game. A $600 range for the price of a prize is displayed as a vertical scale. A $150 range finder moves up the scale, starting from the bottom, and the contestant has one opportunity to stop it by pressing a button. The contestant wins the prize if the range finder is covering the correct price when stopped.
A comparison shopping website, sometimes called a price comparison website, price analysis tool, comparison shopping agent, shopbot, aggregator or comparison shopping engine, is a vertical search engine that shoppers use to filter and compare products based on price, features, reviews and other criteria.
Price index numbers are usually defined either in terms of (actual or hypothetical) expenditures (expenditure = price * quantity) or as different weighted averages of price relatives ( ). These tell the relative change of the price in question. Two of the most commonly used price index formulae were defined by German economists and ...
price points occur at the price of a close substitute. when an item's price rises above the cost of a close substitute, the quantity demanded drops sharply [2] Customary price points. the market grows accustomed to paying a certain amount for a type of product. increasing the price beyond this amount will cause sales to drop dramatically ...
Template:Format price. This template displays numbers typically representing prices in a pleasant way, ideally suited for articles. Numbers one thousand or greater are reduced down and rounded to a total of three digits followed by a multiplier text, and smaller numbers receive separators and exactly two digits to represent cents, which does ...
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