Generally, no. They consider it a 'misprint', just like on newspaper ads. However, depending on the mistake, the seller MAY decide to sell it to you at the 'wrong' price, just to get the business, and for good public relations. In fact, this happens more often than you might think...
Clerk: Oh, I'm sorry - that rang up at 9.99, it's supposed to be $14.99..they must have ticketed it wrong..
You: I won't pay! Where's the manager?
Manager: Please, sir, calm down. How about I sell this doohickey to you for $9.99, and you tell your friends how great we are, even though we're loosing (cough cough) money on the deal?
You: Yipee!
Only problem is, the thing wasn't mis-tagged. It should have been $9.99 all along...or, more probably, $3.99... you just got conned. And, what's more, you're gonna tell your friends how great that store is.
No they don't. The first part of the contract between you and the retailer is your "offer" to buy the goods (at the incorrectly stated price). The second part is their "acceptance" of your offer in return for "consideration" (cash etc).
If they accept your offer and your payment then legally yes from this point on they have to let you have the goods you have paid for. However, if you offer to buy goods at the incorrect price and they realise they have marked the goods up incorrectly, they can simply refuse your offer to buy - perfectly legitimately. They can then mark them up at the correct price, and of course you are then free to make another offer to buy etc.
Many people mistakenly believe that if a retailer (online or not) marks something up at a particular price that they are offering to sell, and you are accepting their offer, hence the wrong price is binding. This is not the case - the retailer is (in legal terms) making an "invitation to treat" - in other words, inviting people to make an offer to buy, which s/he is free to accept or decline.
Practically speaking some retailers will still let you buy at the incorrect price as it reflects favourably on them. But of course this depends on the margin of error! (I have recent experience of trying to buy a TV marked up at £79.99 when it should have been £799.99 [hey worth a try, right?!] and they were (unsurprisingly!) not willing to do it. But often in supermarkets etc for the sake of a few pounds/dollars, they'll make the allowance for good PR.
Wholesale pricing is the price charged by a manufacturer or distributor when selling to a retailer (generally for large quantity purchases). The retailer then sells the product to the end user at a higher price (retail pricing) in order to make a profit. In commerce, a wholesaler buys goods in large quantities from their manufacturers or importers, and then sells smaller quantities to retailers, who in turn sell to the general public. 'Wholesale' means that you buy items in bulk, not as single items; therefore the wholesale price is much lower than the retail price.
Ultimately, the purchaser determines the price of a product. A manufacturer will determine a wholesale price and possibly a suggested retail price. Retailers will decide if they think they can sell the product at a satisfactory level above the wholesale cost. However, if a product goes on the shelf at $10 and no one buys it, the retailer will mark it down until it sells. So the only price that matters is the one that someone is willing to pay.
Price competition refers to as who will sell for the lowest price. Meanwhile, non-price competition refers to the person who can sell the most attractive product.
On average, the only return that is earned is the required return-investors buy assets with returns in excess of the required return (positive NPV), bidding up the price and thus causing the return to fall to the required return (zero NPV); investors sell assets with returns less than the required return (negative NPV), driving the price lower and thus the causing the return to rise to the required return (zero NPV).
when you buy something for you to sell, make sure that the price of the product you'll sell will be more than the original price
You have to be a retailer for that certain product and have lowest price
You have to be a retailer for that certain product and have lowest price
Usually, yes, that's the point. All "Manufacturer's Suggested Retail Price" means, is that the price of the MSRP is the lowest price that the retailer can advertise. The retailer can choose to sell at a lower price than MSRP, but cannot advertise it. The retailer is allowed to charge a higher price, if they choose, and advertise at the higher price, also if they choose to, but in most cases would be foolish to do so.
Whatever the retailer wants to sell it for !
A music retailer buys their CD's and music for low prices in different places, then they raise the price and sell it to make money. Their salary depends on how much they sell.
Many do but many are also open to negotiation - haggling.
Because not every retailer sell items for the same price.
I think they sell things
The website known as Nexttag is a price comparison website. As such they do not sell any products and simply compare prices then link customers to other sellers who offer the product they require.
In retail sales, the markup is the difference in price between what the consumer pays (the retail price) and what the retailer pays (the wholesale price). This represents the retailer's gross revenue, which is then applied to his costs and the balance is his profit. Even products which seem to be very cheap may actually be considerably marked up, if the retailer forces its supplier to lower the wholesale price, and as a result the supplier forces the manufacturer to sell to him at less than cost. This is how Walmart makes its money.
It depends on the laws in your country. In the UK, the retailer must sell the item for the displayed (shelf) price - regardless of whether the computerise system has a different price in it.
A distributer will sell wholesale goods to a retailer/dealer. The dealer/retailer will sell the same good at a profit to the consumer.