Get the Business Established with The MAP Policy and Monitoring- Know About MAP
We will be talking about MAP. Well, this is not about that MAP where we find about the countries and places and features about the countries. This is the Minimum advertised Price and that is entirely a different topic. Many people may not be acquainted with this term, but we are here to introduce this term. Know more about the MAP policy To be very simple and for new ones, MAP is the price which is being agreed between the suppliers and retailers on a particular product about selling it. Minimum advertised price is that minimum price which is decided upon both parties on a product and the price which would be advertised. Price below this MAP price will not be allowed for that product. Based on the agreement, MAP policy is being created which is very important for the businesses to gain profits and establish a stable business. In this era of online selling, MAP policy is very important for the manufacturers. As they are dealing with sellers over online, so a minimum price has to b