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Thread: the Dr. Miles rule

  1. #1
    Join Date
    Jan 2007
    Location
    New Springfield OH
    Posts
    806

    the Dr. Miles rule

    Ever hear of it? If not I wouldn't be surprised. its quite old. What it boils down to is it means a manufacturer can't set a minimum price for a product. They can suggest one but thats all it is is a suggestion.

    When a manufacturer does this I consider it price fixing. It's one of the reason's I don't own a certain high end grinder.

    National Association of Manufacturers are trying to get it overturned.
    If they get it overturned we all suffer

    Read all about it
    http://www.dailymail.com/story/Busin...could-raise-it

    Beore I called on this I asked about posting it and got a go ahead

  2. #2
    Join Date
    Nov 2006
    Location
    SE Minnesota
    Posts
    2,468
    When I worked in the retail photo industry the only thing we sold as MSRP was projection lamps but that was because we ended up eating the cost of many "bad" ones. Cameras, lenses, accessories, film, etc. were all sold below MSRP. Years ago I did work for one retailer who believed they should be able to sell cameras at MSRP but they went out of business because their competition didn't feel the same way.

    The manufacturers did set minimum advertised prices though that we didn't go below. Those prices were established to help keep smaller shops in business. You could sell below that price but the penalty for advertising the product below that price was losing co-op dollars. This is the money that the manufacturer paid for advertising. Most retailers couldn't afford to advertise without the co-op dollars.
    Irony: The opposite of Wrinkly

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