Meaning of the word "manufacturers price" in English

What does "manufacturers price" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

manufacturers price

US /ˌmænjəˈfæktʃərərɪz praɪs/
UK /ˌmænjəˈfæktʃərərɪz praɪs/

Noun

the price at which a manufacturer sells goods to a wholesaler or retailer, before any markups for distribution or retail profit

Example:
The new car was offered at the manufacturer's price, without any dealer markups.
To get the best deal, always try to negotiate for the manufacturer's price.