MIC
MIT
The arcane language of product development across international borders is complex, and subtleties and subtext abound.
FOB
QC
ROI
ETD
OEM's that once calculated selling costs for goods based on absolutes like materials, labor, overhead and profit now simply Google the MSRP, adding enough mark-up, duties and freight to help buyers, trading agents, wholesalers, retailers and the government avoid choking on a bolus of their collective greed and red tape.
FUBAR?
Absolutely.
Is it likely to change?
NITL
1 comment:
What about the MOQs?
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