price marking

price marking

the law relating to the making of prices now originating from European Union directives. The law applies to goods for retail sale but not those supplied in the course of the provision of a service. Goods manufactured to order do not normally have to be price marked.

The selling price and, where appropriate, the unit price of products must be clearly displayed. The unit price is the price per kilogram, litre, etc of goods sold by quantity and is required for products sold loose from bulk (e.g. fruit and vegetables) and pre-packaged products which are required by Weights and Measures legislation to be marked with quantity or to be made up in a prescribed quantity - i.e. those where quantity is a relevant consideration in the decision to buy. Prices must be in sterling. Where a trader is willing to accept a foreign currency, in addition to the sterling price indication, further specific information must also be given about exchange rates, commission, etc. All prices must be inclusive of VAT and all other taxes. Postage, packing or delivery charges, maybe shown separately as long as they are unambiguous, easily identifiable and clearly legible. Prices must be ‘unambiguous, easily identifiable and clearly legible’ Consumers should not have to ask for assistance in order to be able to see a price. There is, however, no requirement to price mark items individually. Prices can be shown on the goods themselves, on a ticket or notice on or near to them, grouped together with other prices on a list or catalogue(s) in close proximity to them. There are special rules for ‘sales’. Window displays, which do not contain products that are removed and sold to consumers may be regarded as being purely promotional, in which case they will fall within the definition of'advertisement’. A unit price is required to be displayed in an advertisement only if a selling price is shown. Prices are always required to be shown (notwithstanding any other exemptions) when the advertisement is actually inviting consumers to conclude a distance contract which includes mail order advertisements in newspapers and goods sold direct from the internet or the media (see DISTANCE SELLING). Catalogues do not fall within the definition of advertisement and are required to show selling and unit prices as relevant. There are exemptions for cinema and TV ads, sales in small shops, sales by itinerant traders and sales out of vending machines.

References in periodicals archive ?
The lightweight and ergonomic device is suitable for inventory management, stock replenishment, price marking and shelf labeling.
The face paper is an ideal choice for point of sale price marking and other retail uses that require greater environmental endurance than typically provided by standard non topcoated face papers.
Price marking would help communicate the differences with consumers, he added, citing in-house research suggesting that 77% of consumers would be more inclined to buy products that were price marked with a manufacturer's rrp.
The survey also reveals that a majority of those questioned no longer see a need for the maintenance of double price marking.
THE microwaveable Yankee 2 range of frozen hand-held snacks has been relaunched with competitive 99p price marking across the board.
Percent of shoppers saying they Percent Total are very or somewhat frustrated Very Percent by: Frustrated Frustrated Missing/wrong shelf prices 41% 59% Poor price marking 40% 56% Long delays for telephone help 39% 51% Charging more than the advertised price 38% 48% Widespread lack of good service 37% 50% Hostile and edgy employees 35% 52%
The Price Marking Order means prices on goods must be clearly visible and prices shown must include VAT.
These pasta lines each carry two Series 4 coders - one printing the variety and time of production on the Estapeel film lid and the other the 'use by' date and optional price marking on the board sleeve.
Retail organizations require wireless LAN services for everything from inventory control and price marking to new 'line-mover' strategies in which sales clerks can approach customers waiting on line and scan barcodes on the products they wish to purchase so that when they reach the cash register all they need to do is pay for their purchase.
was recognized by Paxar's (NYSE:PXR) IPS (Identification Pricing Solutions) Business Unit with the "Total Sales Growth" Award which honors the distributor, categorically, with the largest increase in price marking product sales from 1999 to 2000.
He urged Mars to limit the price marking time and number of products.