Manufacturer’s recommended price

The estimated price the manufacturer suggests the retailer to apply to a product or service and the pricing method through which it is calculated.

manufacturer’s recommended pricing
manufacturer’s estimated price
a manufacturer’s recommended price
manufacturer’s recommended prices
manufacturer’s calculated price
manufacturer’s suggested price

knowledge

sector-specific

Manufacturer’s recommended price is an essential knowledge of the following occupations:

Optical technician: Optical technicians assemble, repair and design various parts of eyewear such as lenses, frames, patterns and eyewear. They cut, inspect, mount and polish all parts using various machinery and hand tools. Optical technicians shape, grind and coat lenses for prescription eyewear. They fit completed lenses into eyeglass frames. Optical technicians ensure that lenses conform to the dispensing optician’s, specialised doctor in ophtalmology’s or optometrist’s prescriptions. They may also work with other associated optical instrumentation and its maintenance.
ICT buyer: ICT buyers create and place purchase orders for ICT products and services, handle receiving and invoice issues, assess current procurement practices and effectively apply strategic sourcing methodologies. They build relationships with strategic vendors and negotiate price, quality, service levels and delivery terms.

Manufacturer’s recommended price is optional for these occupations. This means knowing this knowledge may be an asset for career advancement if you are in one of these occupations.

Motor vehicles parts advisor: Motor vehicles parts advisors sell motor vehicle parts, order parts and identify alternative parts.
Lumber grader: Lumber graders inspect lumber, or wood cut into planks. They test the lumber, look for irregularities and grade the wood based on quality and desirability of the pattern.
Hawker: Hawkers sell goods and services on established routes, street and market locations.
Purchase planner: Purchase planners organise the continuous supply with goods out of existing contracts.

References

1. Manufacturer’s recommended price – ESCO