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Define: FOB: key to mention who is responsible for the merchandise. CIF: key to mention who is responsible for the merchandise. VAT and Sales Tax:

Define:

  1. FOB: key to mention who is responsible for the merchandise.
  2. CIF: key to mention who is responsible for the merchandise.
  3. VAT and Sales Tax: what is the main difference between them?
  4. Diversion

Provide an example with numbers for:

  1. Margin % and for Mark Up % based on the video Whiteboard: Markup and Margin. The examples cannot have the same numbers explained in the video.

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