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Landed Cost

Landed cost is the comprehensive total of expenses associated with obtaining and delivering goods to a designated location. This cost encompasses the purchasing price of the goods, transportation fees, insurance, and any applicable taxes or duties. Landed costs calculation is vital for small businesses involved in global trade to gain insights into the total cost incurred for each variety of product. This understanding helps them in implementation of profitable pricing strategies to stay competitive, ensuring sustainable and satisfactory earnings over time.

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