Asked by Kylee Crutchfield on Apr 27, 2024
Verified
Distinguish between FOB shipping point and FOB destination.
FOB Shipping Point
A shipping term indicating that the buyer assumes responsibility for the goods and their transportation costs from the seller's location.
FOB Destination
A shipping term where the seller bears the shipping costs and retains ownership of the goods until they are delivered to the buyer’s location.
- Identify the distinctions between forms of advertising (trade and industrial) and promotional methods (consumer sales and trade sales).
Verified Answer
KS
Kentrell Scruggs-TorranceMay 02, 2024
Final Answer :
With FOB shipping point, the buyer pays transportation charges on the goods, the title to goods passes to the customer when they are loaded on shipping vehicles. With FOB destination, the seller pays all shipping costs.
Learning Objectives
- Identify the distinctions between forms of advertising (trade and industrial) and promotional methods (consumer sales and trade sales).
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