Understanding MSRP: How Brands Use It to Shape Perceived Value
In the world of retail, the term "MSRP" is pervasive yet often misunderstood. Representing the "Manufacturer's Suggested Retail Price," MSRP serves as a critical tool for brands in shaping consumer perceptions and dictating their shopping experiences. Amidst the dizzying world of price tags, discounts, and clearance sales, understanding MSRP can empower shoppers to make smarter purchasing decisions and seize unbeatable deals.