Question

Landed costs refer to:

the costs of a product shipped via surface transport
the costs of a product that is quoted cash on delivery (COD)
the costs of a prepaid shipment
a price that includes both the cost of the product plus transportation to the buyer

Answer 1

The correct answer is letter "D": a price that includes both the cost of the product plus transportation to the buyer.

Step-by-step explanation:

Landed Costs represents the actual cost of a product added to the expenditures on transportation, taxes, insurance, currency conversion, handling, and freight. Computing all those costs will allow firms to determine their profit, thus, it is necessary to implement systems that allow companies to track them. Most firms engaged in international trade have to calculate the landed costs of receiving goods from vendors abroad.

Answer 2

A price that includes both the cost of the product plus transportation to the buyer

Step-by-step explanation:

Landed cost is defined as the total price of a product after it has arrived at a buyer's hands all the eay from the factory. It considers the original price of the product, the transportation in land, air and ocean, customs, taxes, insurance, handling, fees, etc.

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