Understanding Total Landed Cost (TLC): So, What is Total Landed Cost? Apart from the initial cost in the manufacturing and development of a product, there are other associated expenses, some of which are hidden, until the product lands at doorstep of the buyer. These costs include transportation of the products inland within the home country, recipient country, and at the ocean or air. Additionally, customs duties, taxes, insurance, sea freight costs, rates you will incur due to the different currency strengths for conversion, and also charges paid to the handlers of the product. For instance, if product A costs 5$, sell it at 15$, yet you paid 25$ for the whole process up to delivery, you will have ignored the vital aspect of the ...
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