CIF means Cost,()and Freight. A.Money B.Inspect C.Insurance D.Inspection
CIF means Cost,( )and Freight.
A.Money B.Inspect C.Insurance D.Inspection
CIF means Cost,( )and Freight.
A.Money B.Inspect C.Insurance D.Inspection
A.DDP(Delivered Duty Paid)
B.DAP(Delivered At Place)
C.CIF(Cost Insurance Freight)
D.DDU(Delivered Duty Unpaid)
(1)( )CIF (2)( )DDP
(3)( )DEQ (4)( )DES
CPT (Carriage Paid To) means that the seller delivery the goods to the carrier nominated by him but the seller must in addition pay the cost of carriage necessary to bring the goods to the named destination.( )
According to INCOTERMS 2000, the groups of following trade terms( ) means that the sellers must pay the costs and freight necessary to bring the goods to the named port or place of destination.
A. CFR, CIF B. CPT, CIP C. FOB, FCA D. FOB, EXW
The markup may be quite high 90 percent of cost or it may be low. Grocery items in a supermarket usually have a low markup, while mink coast have a very high one. High markups, however, do not in themselves guarantee big profits. Profits come from turnover. If an item has a 50 percent markup and does not sell, there is no profit. But if a cereal has an 8 percent markup and sells very well, there are reasonable profits.
While most pricing is based on cost factors, there are some exceptions. Prestige pricing means setting prices artificially high in order to attract select clientele. Such pricing attempts to suggest that the quality or style. of the product is exceptional or that the item cannot be found elsewhere. Stores can use prestige pricing to attract wealthy shoppers.
Leader pricing and bait pricing are the opposites of prestige pricing. Leader pricing means setting low prices on certain items to get people to come into the stores. The products so priced are called loss leaders because little or no profit can be made on them. The profits are made from other products people buy while in the store. Bait pricing, now generally considered illegal, means setting artificially low prices to attract customers. The store, however, has no intention of selling goods at the bait prices. The point is to get people into the store and persuade them of the inferiority of the low-priced item. Then a higher-priced item is presented as a better alternative.
A common retail tactic is odd priced products. For some products of $300, the store will set the price at $295 or $299.95 to give the appearance of a lower price. Automobiles and other high-priced products are usually priced in this manner. For some reason $7995 has more appeal to a potential car customer than $8000.
Bid pricing is a special kind of price setting. It is often used in the awarding of government contracts. Several companies are asked to submit bids on a job, and normally the lowest bidder wins. A school system may want to buy a large number of computers. Several companies are asked to submit prices, and the school district will decide on the best bid based as well on considerations of quality and service.
What is the base of selling price?
A.the cost of production
B.a percentage of total cost
C.the cost of transportation
D.the cost of storage.
The markup may be quite high 90 percent of cost or it may be low. Grocery items in a supermarket usually have a low markup, while mink cost have a very high one. High markups, however, do not in themselves guarantee big profits. Profits come from turnover. If an item has a 50 percent markup and does not sell, there is no profit. But if a cereal has an 8 percent markup and sells very well, there are reasonable profits.
While most pricing is based on cost factors, there are some exceptions. Prestige pricing means setting prices artificially high in order to attract select clientele. Such pricing attempts to suggest that the quality or style. of the product is exceptional or that the item cannot be found elsewhere. Stores can use prestige pricing to attract wealthy shoppers.
Leader pricing and bait pricing are the opposites of prestige pricing. Leader pricing means setting low prices on certain items to get people to come into the stores. The products so priced are called loss leaders because little or no profit can be made on them. The profits are made from other products people buy while in the store. Bait pricing, now generally considered illegal, means setting artificially low prices to attract customers. The store, however, has no intention of selling goods at the bait prices. The point is to get people into the store and persuade them of the inferiority of the low-priced item. Then a higher priced item is presented as a better alternative.
A common retail tactic is odd priced products. For some products of $300, the store will set the price at $295 or $299.95 to give the appearance of a lower price. Automobiles and other high-priced products are usually priced in this manner. For some reason $7995 has more appear to a potential car customer than $8000.
Bid pricing is a special kind of price setting. It is often used in the awarding of government contracts. Several companies are asked to submit bids on a job, and normally the lowest bidder wins. A school system may want to buy a large number of computers. Several companies are asked to submit prices, and the school district will decide on the best bid based as well on considerations of quality and service.
We learn from the second paragraph, ______.
A.reducing cost is the surest way to increase profits
B.profits depend on how fast goods are moving
C.fair markup promise the greatest profits
D.lower markup brings reasonable profits
A: Shall we begin to discuss the terms of insurance right now?
B: OK.
A: We have a deal on CIF price.It means that the insurance should be borne by you, right?
B: Certainly.The premium should be paid by us.All our export goods sold on CIF terms arc insured with the PICC.They provide many kinds of coverages of marine insurance, such as F.P.A., W.P.A., A.R.and so on.
A: What kind of coverage will you arrange for our order then?
B: Usually we']] only insure W.P.A.for this kind.
A: We hope you can cover the Packing Breakage Risk for us.
B: We can do that for you.But additional premium should be on your account.
A.We will pay that.So, please insure the consignment against W.P.A.and Packing Breakage Risk for 150% of invoice value.
B: I am sorry, we only can insure goods for 110% of the invoice value.For 150% , the extra premium will be borne by you.
A: Then we made a deal that we will insure this consignment against W.P.A.and Packing Breakage Risk for 150% of invoice value.Is there anything else about the insurance clause?
B: I don't think so.