Practice question

What does MSRP stand for?

  1. Manufacturer's Suggested Retail Price
  2. Motor Sales Retail Price
  3. Motorized Standard Retail Price
  4. Manufacturing Sales Recommended Price

Answer: A — Manufacturer's Suggested Retail Price

MSRP stands for Manufacturer's Suggested Retail Price. It is the price recommended by the manufacturer for a product to be sold at in retail stores. Option B is incorrect because it combines "Motor" and "Retail," which do not relate to the term "Suggested" in MSRP. Option C is incorrect because it uses "Standard" and "Motorized," which are not mentioned in the actual acronym. Option D is incorrect because it combines "Manufacturing" and "Sales," which are not mentioned in the actual acronym.

Practice more: Wisconsin Motor Vehicle Salesperson Manual Practice Test →