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I have a project in which there are multiple products, brands and retailers. I want to understand how to set prices to the products based on the price set by retailer for that particular state

The relation between these are given below:

1. Product many2one Brand

2. Brand many2many Retailer

- Each brand can have only one retailer in every state they operate. 

- Brand can have multiple retailers in the country bu tonly one in a state.

3. Retailer may have a single address for each state from where they conduct their operations.

What is an efficient model to develop this environment so that it is easier for the client to update the data at a later date.

The changes may include -

Brand retailer change in a state.

Brand stops operating in a state.

I do not want to keep the addresses of retailer where they used to deliver a particular brand from. 

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Not clear if the pricelist is for supply to the retailer or for the retailer selling to consumer.

Odoo does not have "Brand" as a domain anywhere. You might add it to the product master as a field. But then it will only be for information and selection.

For the case supply to the retailer i would create separate price list for each retailer.

For the case of the retailer selling to consumer, they should be separate companies in Odoo. And the price list can be unique by company.

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