What does reference price mean?
Definitions for reference price
ref·er·ence price
This dictionary definitions page includes all the possible meanings, example usage and translations of the word reference price.
Wikipedia
Reference price
A reference price (RP) is the price that a purchaser announces that it is willing to pay for a good or service. It is used by high-volume purchasers to inform suppliers.RP requires consumers to have access to price and quality information, which is not general practice in many industries. Further, it does not help consumers with urgent needs, cognitive and/or other impairments.Reference pricing requires sufficient competition. Otherwise, consumers have no choice about providers, who in turn face less pricing pressure. Reference pricing could encourage lower quality.
Numerology
Chaldean Numerology
The numerical value of reference price in Chaldean Numerology is: 5
Pythagorean Numerology
The numerical value of reference price in Pythagorean Numerology is: 4
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"reference price." Definitions.net. STANDS4 LLC, 2025. Web. 23 Feb. 2025. <https://www.definitions.net/definition/reference+price>.
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