Forgive me if this has already been asked. I did some searching but couldn’t find an answer.
I went to a local jewelry store, one with a good reputation, to look for an engagement ring. The sales rep showed me a few stones and when we narrowed it down to three I asked about the prices. I noticed the rep was just quoting me prices off the Rap List. I used to work in retail and understand the concepts of MSRP, MAP, overhead, terms etc., and I know (from my research on PS) that the Rap List is just a guideline that doesn’t take everything into account and is not the definitive way to get a final price.
My question is should I be concerned that the rep was just quoting me straight off the list?
Thanks for all the knowledge.
I went to a local jewelry store, one with a good reputation, to look for an engagement ring. The sales rep showed me a few stones and when we narrowed it down to three I asked about the prices. I noticed the rep was just quoting me prices off the Rap List. I used to work in retail and understand the concepts of MSRP, MAP, overhead, terms etc., and I know (from my research on PS) that the Rap List is just a guideline that doesn’t take everything into account and is not the definitive way to get a final price.
My question is should I be concerned that the rep was just quoting me straight off the list?
Thanks for all the knowledge.