India
India operates an MRP (Maximum Retail Price) model. All retail products sold are marked with MRP. Shops cannot charge customers over the MRP. Usually shops charge slightly below MRP to draw more customers in their stores. In some remote areas, tourist spots and in situations where a product is difficult to obtain, consumers are often charged illegally over the MRP.
Read more about this topic: Suggested Retail Price
Famous quotes containing the word india:
“India has 2,000,000 gods, and worships them all. In religion other countries are paupers; India is the only millionaire.”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)
“India is an abstraction.... India is no more a political personality than Europe. India is a geographical term. It is no more a united nation than the Equator.”
—Winston Churchill (1874–1965)
“But nothing in India is identifiable, the mere asking of a question causes it to disappear or to merge in something else.”
—E.M. (Edward Morgan)