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Why the price set between domestic sellers and international buyers at a higher levelin Cost, Insurance & Freight (CIF) than Free On Board (FOB)? Suppose

Why the price set between domestic sellers and international buyers at a higher levelin Cost, Insurance & Freight (CIF) than Free On Board (FOB)? Suppose you areinterestedinexportingconsumers'electronicsintheEuropeanmarket.Oneofyourproduct'sprimary competitorsisChinese productsthatcanoffersimilar utilitiesatrelatively low prices. You will also be encountered with local products which comefrom all over Europe. Based on this scenario, select the most appropriate pricingmethodforyourproduct and justifyyourselection.

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