2 ms·
The USA's capitalist image aside, price tags per se are as American as apple pie, having been invented by Quakers, who found haggling/price discrimination immor
by colanderman 5y ago
The USA's capitalist image aside, price tags per se are as American as apple pie, having been invented by Quakers, who found haggling/price discrimination immoral. They caught on in industry because they helped optimize the checkout process. [1] (Consumerism is arguably more strongly tied to the American identity than capitalism.)
The concept of MSRP to me (as an American) is not too far removed from that of the price tag, which I guess makes it not too surprising to me that MSRPs are culturally normalized here.
[1] https://en.wikipedia.org/wiki/Price_tag#History https://en.wikipedia.org/wiki/Price_tag#History