What does MRSP mean in business?

Question

I’ve come across MRSP meaning in business and pricing discussions. What does MRSP stand for, and where is the term commonly used?

David · Answer

MSRP in business stands for the Manufacturer’s Suggested Retail Price. This is the price at which the manufacturer advises the retailer to sell the product to the customer. The retailer can sell the product at a price higher or lower than MSRP depending on several factors.

Steve · Answer

In business, MRSP generally stands for Manufacturer’s Recommended Selling Price—meaning that the manufacturer recommends the retail price to be charged by the retailer. MRSP is somewhat similar to the MSRP (Manufacturer’s Suggested Retail Price), which is another acronym used more frequently than MRSP.

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