Guys, I know what a MAP Policy is and why is it adopted by brands. However, I have never worked on a product on which I have to follow MAP.
I received the MAP Policy from a brand today and the statement that it “applies to advertised prices, not the prices at which products are actually sold” confusing.
I was of the understanding that I have to set price of these products on my store as recommended by the brand. However, the statement above sounds like I need to run ads for these products and advertise price as quoted by the brand. Running ads is not a usual practice in Wholesale and I have no experience of it.
Can someone please clear what does it actually mean? Is my understanding correct that I just need to list price of the products as recommended by the brand and do nothing else or there is more to it?
