Free on Board (FOB) is a shipment term that defines the point in thesupply chainwhen a buyer or seller becomes liable for the goods transported. Purchase orders between buyers and sellers set FOB terms and help determine ownership, risk, and transportation costs. This centuries-old shipping ter...
The point at which the title and responsibility for transportation costs transfers is essential to the various forms of FOB destination. The transportation department of a forward-thinking customer could choose FOB shipping point terms over FOB destination ones to maintain tighter control over the logis...
Who pays the freight cost when the terms are FOB destination? a. the seller b. the buyer c. the customer d. either the buyer or the seller The term used when the seller is responsible for the cost of freight is: a. Purchases. b. F.O.B. desti...
A business that sells goods and services to other business, who in turn resell the goods or services is a a) wholesaler b) rack jobber c) broker d) retailer e) agent Wholesalers: The wholesaler is the part...