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Price: $ 11.99
... = RM ?
Total it up and this is now your FOB price
c. Add Ocean/Air Freight Marine Insurance ............... = RM ?
Total it up and this is now your CIF price
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"...make a product price more attractive to foreign buyer, by quoting FOB price and a named foreign port or city..."
Here are some basic example of how costing can be done in local Malaysian currency and thereafter, can be easily converted to foreign currency for export pricing of product.
1.- Determine Product Cost -in your local currency
Abc For Total Business Costing
Activity Based Costing and the Theory of Constraints are, respectively, Overhead Absorption Costing and Marginal Costing in a different guise
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