CIF is the cost based on adding a simple set of formula to the price. What does CIF stand for?
A) Cost in Foreignland
B) Cumulative infrastructure framework
C) Cost, insurance and freight
D) Consumers, involvement and framing.

Question

Quizplus · Accepted Answer

CIF stands for Cost, Insurance and Freight, which is a pricing term used in international trade. It adds the cost of goods, insurance, and freight to the price. Option A, B, and D are not the correct definitions of CIF.

CIF Is the Cost Based on Adding a Simple Set