Which of the following best describes the concept of total landed cost?
A)The sum of all logistics costs related to a product.
B)The lowest logistics cost for a product.
C)The sum of all product- and logistics-related costs.
D)The difference between product-related and logistics-related costs.

Question

Quizplus · Accepted Answer

Total landed cost refers to the sum of all product- and logistics-related costs, including materials, transportation, duties, taxes, and other expenses associated with getting a product to its final destination. It takes into account all costs associated with production, shipping, and distribution of a product.

Which of the Following Best Describes the Concept of Total