Economic Problem: Pricing Strategies: Suggested Retail Price
Most wholesalers post a "suggested retail price" on packages, which in turn are sold by retailers. Is there an economic basis for the suggested retail price? As the manager of a retail outlet, what factors will determine whether you should charge the suggested retail price or some higher or lower price?
The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.