What Does the "I" Mean in the Shipping Term CIF

question 23

Multiple Choice

What does the "I" mean in the shipping term CIF?

• A) Indemnity
• B) Insurance
• C) Indirect
• D) Import
• E) Intentional

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Definitions:

Sales Presentation

A pitch or demonstration given to potential buyers highlighting the benefits and features of a product or service.

Approach Phase

The initial stage in the sales process where the salesperson first contacts the potential customer, aiming to establish rapport and understand customer needs.

Building Rapport

The process of establishing a connection or trust with someone, essential in sales to facilitate open communication and understanding.

Customer Benefit Plan

A strategic offering designed to provide additional value to customers, often through services or rewards, to enhance customer satisfaction and loyalty.