NLP refers to which kind of price change?

• A. Net Lower Price
• B. New Listing Price
• C. New Lower Price
• D. New Last Price

Answer: (C)

In pricing updates, NLP is a code that signals a price drop to a new, lower level. It clearly communicates that the item now has a reduced price compared to what it was before, which helps staff recognize and apply the markdown consistently and inform customers.

This differs from other terms: a “net lower price” isn’t a standard pricing change label and could be ambiguous about how discounts are calculated; a “new listing price” would be used for items newly listed at a price, not for a reduction from an existing price; and a “new last price” isn’t a common or clear code for a downward change and could cause confusion about which price is the current one.