noun
discretionary price; open price
A pricing system where the manufacturer does not set a fixed retail price, allowing each retailer to decide the selling price. Common in Japanese retail, especially for electronics and appliances. See also オープンプライス.
See also: オープンプライス
この商品はオープン価格なので、店によって値段が違います。
This product is open-priced, so the price varies by store.
Wasei-eigo (Japanese-made English) combining 'open' and '価格' (price). The term reflects the concept of an open pricing system where the final price is not fixed by the manufacturer.