Optimizing Amazon Vendor Agreements and Pricing
Transcription
When we speak of map, we can also consider the following terms alongside it. NSRP, MSP, RRP and MRP map stands for minimum advertising price. MSRP stands for manufacturer suggested retail price, MRP stands for manufacturer’s recommended price. RRP stands for recommended retail price. MSP stands for manufacturer suggested price and SRP stands for suggested retail price. In the end, they all basically boiled down to the same. What you want consumers to pay for your product? However, with Amazon, this can prove to be trickier than initially considered. We will delve deeper into calculating your MSRP and map in a later video.