what does a list price mean, or how does a company come up with a list price?
it's what it is suggested at to sell, but almost all companys will always sell below that price
Yeah, it's the suggested price. Some companies won't let their stuff sell for less, e.g. Mesa Boogie.
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the "list price" is the manufacturer's suggested retail price (the price they recomend stores sell the item at) most competitive retailers sale items for less than the list price, giving off a false impression that they are selling for very cheap
that's right, but really the store is still making a killing. listt price is usually about 50-75% higher than net price (what the store buys the product for from the distributor). in the car industry anyways