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Invoice price is the actual price that the end-customer retailer pays to the manufacturer or distributor for a product. Learn how to calculate the net purchase cost, the difference between invoice price and trade price, and the accounting methods for recording invoice price.
RRP stands for recommended retail price or suggested retail price, which is the price at which a manufacturer recommends that a retailer sell a product. The term is used in different countries and industries, such as the UK, the US, and the automobile sector, and may have different legal implications.
Wholesaling is the sale of goods or merchandise to various business users or other wholesalers, usually in bulk quantity and at a discounted rate. Learn about the different types of wholesaling, such as direct selling, wholesale banking and real estate wholesaling, and see examples and references.
Markup is the difference between the selling price and the cost of a good or service. Learn how to calculate markup, profit margin, and markup percentage, and how markup affects aggregate supply and pricing.
Discounts and allowances are reductions to a basic price of goods or services.. They can occur anywhere in the distribution channel, modifying either the manufacturer's list price (determined by the manufacturer and often printed on the package), the retail price (set by the retailer and often attached to the product with a sticker), or the list price (which is quoted to a potential buyer ...
Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. Learn about the etymology, history and types of retailers, from ancient times to the digital age, and their strategic decisions and mix.
Bulk purchasing is the purchase of large quantities of goods at a lower unit price than usual. It can benefit consumers, wholesalers, retailers, and the economy, but also face challenges and controversies in some industries.
Distribution is the process of making a product or service available for the consumer or business user who needs it, and a distributor is a business involved in the distribution stage of the value chain. Learn about the strategic approaches, channels and intermediaries of distribution in marketing.