What is 'retail price' in SAP IS-R - SAP for Retail?

retail price - Overview

• Component: IS-R

• Component Name: SAP for Retail

• Description: Retail Price at which a material is sold to the consumer.

retail price - Details

• 
  Key Concepts: 
  Retail price is a term used in the IS-R SAP for Retail component. It is the price of a product or service that is offered to customers in a retail setting. This price is usually determined by the retailer and can be adjusted based on market conditions or other factors. 
  
  How to use it: 
  Retail price can be used to set prices for products and services in a retail setting. The retailer can adjust the retail price based on market conditions, customer demand, or other factors. The retail price can also be used to calculate discounts or promotions for customers. 
  
  Tips & Tricks: 
  When setting retail prices, it is important to consider the cost of goods sold, overhead costs, and other expenses associated with the product or service. It is also important to consider customer demand and market conditions when setting retail prices. 
  
  Related Information: 
  Retail pricing is an important part of any retail business. It is important to understand how pricing works in order to maximize profits and ensure customer satisfaction. Additionally, understanding how pricing works can help retailers better understand their competition and make informed decisions about pricing strategies.