HS304 Vocabulary Review Unit 3

__________ represents the value of an invoice before any discounting is applied.

• Unit price

• Gross price

• Net price

• Wholesale price

_______________ is a final price after deducing all discount and rebates.

• Unit price

• Gross price

• Net price

• Wholesale price

_______________ is a price charged by producers to wholesales or retailers.

• Gross price

• Net price

• Retail price

• Wholesale price

__________ is a price charged by retailers to customers.

• Gross price

• Net price

• Retail price

• Wholesale price

FOB stands for __________

CIF stands for ______________ .

Cost & Freight is similar to Cost, Insurance, and Freight but does not include ___________.

A typical quotation includes ________, _________, and __________.

• ID card

• unit price

• volume discount

• validity