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Secrets of International Trading
"...make a product price more attractive |
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Summary of Export Price Costing 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 1. Determine the cost of your product by: a. Materials Cost ............................... = RM ? b. Labor Cost ..................................... = RM ? c. Factory overhead ........................ = RM ? d. Administration Cost...................... = RM ?
e. Selling Costs ................................. = RM ?
f. Advertising, catalogues etc. .......= RM ? Next: |
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Secrets of International Trading APEC The EEC InCoTerms 2000 How to manage Export Promotion? How to Draft an Agency Agreement? Export Trade Barriers & Trade Blocks How to Develop an Export Market? How to Conduct Export Research?
Hazards of Export Packing & Shipping Export Shipment and Transportation |
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2. Determine Export Cost a. Use your above Product Cost = RM ? b. Add Crating cost ............................... = RM ? c. Add Forwarding cost ....................... = RM ? d. Add Documentation cost ............... = RM ? e. Add Product Insurance cost .......... = RM ? f. Deduct Duty Drawback, if any ......... = RM?
g. Add your required Profit ................. = RM ? h. Add Agent's commission .............. = RM ? i. Add Bank Interest .............................. = RM ?
============= Next 3. Determine Export Shipping Cost a. Use your above Ex Works Price .......................... = RM ?
b. Add Local Inland Freight Wharfage Charge etc. ... = RM ?
c. Add Ocean/Air Freight Marine Insurance ............... = RM ?
Next 4. Determine your Export Price in US$ Take your above CIF price ........................................ = RM ?
Add the charges for shipping your goods to Back to page 1/3 page 2/3 End of page 3/3 |
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Recommended references
Pricing procedure for export costing quotation Checklist of Export Pricing Strategy Costing in your local currency and convert to foreign currency for export pricing of your products. Summary of Export Price Costing
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