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Should Wikipedia articles present the prices of products? The policy regarding prices is outlined in WP:NOTCATALOG: . An article should not include product pricing or availability information unless there is an independent source and a justified reason for the mention.
Drug price data from LMICs can be lacking, and in such situations, international medicine prices can be obtained from the International Medical Products Price Guide. Some countries use ERP for all drug pricing, and some just for new drugs that are on-patent. [8]: 300–303
Pricing at the market level focuses on the competitive position of the price in comparison to the value differential of the product to that of comparative competing products. Pricing at the transaction level focuses on managing the implementation of discounts away from the reference, or list price, which occur both on and off the invoice or ...
Sellers competing for price-sensitive consumers, will fix their product price to be odd. A good example of this can be noticed in most supermarkets where instead of pricing milk at £5, it would be written as £4.99. Contrarily, sellers competing for consumers with low price sensitivity, will fix their product price to be even.
The ex-factory/manufacturer's price is considered more accurate and thus preferable for international price comparisons. [3]: 194 [6] The WHO recommends the use of the median supplier price [5]: 215 for the reference countries of the target medication in the International Medical Products Price Guide for all studies.
However pricing data from LMICs can be lacking, and in such situations, international medicine prices can be obtained from the International Medical Products Price Guide. [ 8 ] : 303 The United Kingdom has a critical role in the ERP system, as it is often used as a reference country since medication prices are often low, [ 8 ] : 302 although it ...
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The list price, also known as the manufacturer's suggested retail price (MSRP), or the recommended retail price (RRP), or the suggested retail price (SRP) of a product is the price at which its manufacturer notionally recommends that a retailer sell the product. [citation needed] Suggested pricing methods may conflict with competition theory ...