MSRP

[DreamCat04]

MSRP in the long form is "minimum suggested retail price", right? I've been hearing it so much and am wondering if I have the correct definition in mind

Edited May 10, 2022 by DreamCat04
adjusted the first word of the definition

[Naijin]

9 minutes ago, DreamCat04 said:

MSRP in the long form is "medium suggested retail price", right? I've been hearing it so much and am wondering if I have the correct definition in mind

Manufacturer Suggested Retail Price

It's what the manufacturer wants to sell a product for. If there is lots of stock and low demand, real retail prices go down to sell more, but the actual MSRP stays the same.

In graphics cards the MSRP is still quite low, but demand was extremely high, thus increasing the retail prices. It's just offer/demand.

[LWM723]

Manufacturers suggested retail price

[DreamCat04]

1 minute ago, Naijin said:

Manufacturer Suggested Retail Price

It's what the manufacturer wants to sell a product for. If there is lots of stock and low demand, real retail prices go down to sell more, but the actual MSRP stays the same.

In graphics cards the MSRP is still quite low, but demand was extremely high, thus increasing the retail prices. It's just offer/demand.

Ah okay. Thanks for clearing that up!

[wolverine104]

Another key thing that plenty of people don't realize is that when a place like Microcenter or Best Buy is selling cards for more money than an equivalent or identical card would have been in the past, they're not price gouging, they're just maintaining the MSRP passed down to them. Price changes for stores and customers are as a result of suppliers increasing their price more than anything else.