Asked by Zybrea Knight on May 16, 2024
Verified
FOB shipping point means the buyer pays all shipping costs.
FOB Shipping Point
The shipping process in which the buyer pays transportation charges for goods, the title for which passes to the customer when the goods are loaded onto the shipping vehicle.
Buyer
A person or organization that acquires goods or services, often in exchange for money.
Shipping Costs
Expenses associated with the transportation of goods from one location to another, typically borne by the seller or the buyer as specified in sales terms.
- Comprehend the fundamentals of pricing, markdowns, and credit strategies to secure competitive benefits.
Verified Answer
Learning Objectives
- Comprehend the fundamentals of pricing, markdowns, and credit strategies to secure competitive benefits.
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