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:
“The Federated Republic of Europe—the United States of Europe—that is what must be. National autonomy no longer suffices. Economic evolution demands the abolition of national frontiers. If Europe is to remain split into national groups, then Imperialism will recommence its work. Only a Federated Republic of Europe can give peace to the world.”
—Leon Trotsky (1879–1940)
“Ethnic life in the United States has become a sort of contest like baseball in which the blacks are always the Chicago Cubs.”
—Ishmael Reed (b. 1938)
“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)
“In the United States all business not transacted over the telephone is accomplished in conjunction with alcohol or food, often under conditions of advanced intoxication. This is a fact of the utmost importance for the visitor of limited funds ... for it means that the most expensive restaurants are, with rare exceptions, the worst.”
—John Kenneth Galbraith (b. 1908)
“The real charm of the United States is that it is the only comic country ever heard of.”
—H.L. (Henry Lewis)