United States
Under earlier U.S. state Fair Trade statutes, the manufacturer was able to impose a fixed price for items. These fixed prices could offer some price protection to small merchants in competition against larger retail organizations. These were determined to be in restraint of free trade. Many manufacturers have adopted MSRP — a price at which the item the manufacturer suggests the item be priced by a retailer. The term "suggested" can be misleading because in many cases, this MSRP is extremely high compared to the actual wholesale cost, opening the market to "deep discounters" who are able to sell products substantially below the MSRP while still making a profit. The discount stores benefit from exorbitant MSRPs because the discount offered increases the perceived value to customers..
Read more about this topic: Suggested Retail Price
Famous quotes related to united states:
“Why doesn’t the United States take over the monarchy and unite with England? England does have important assets. Naturally the longer you wait, the more they will dwindle. At least you could use it for a summer resort instead of Maine.”
—W.H. (Wystan Hugh)
“The United States is unusual among the industrial democracies in the rigidity of the system of ideological control—’indoctrination’ we might say—exercised through the mass media.”
—Noam Chomsky (b. 1928)
“In the United States, it is now possible for a person eighteen years of age, female as well as male, to graduate from high school, college, or university without ever having cared for, or even held, a baby; without ever having comforted or assisted another human being who really needed help. . . . No society can long sustain itself unless its members have learned the sensitivities, motivations, and skills involved in assisting and caring for other human beings.”
—Urie Bronfenbrenner (b. 1917)
“Scarcely any political question arises in the United States that is not resolved, sooner or later, into a judicial question.”
—Alexis de Tocqueville (1805–1859)