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

Souhail HamdyMay 17, 2024

Final Answer :

True

Explanation :

In FOB (Free On Board) shipping point terms, the buyer assumes responsibility for the shipping costs and liability for the goods once they leave the seller's premises.

Learning Objectives

Comprehend the fundamentals of pricing, markdowns, and credit strategies to secure competitive benefits.

FOB shipping point means the buyer pays all shipping costs.

Definitions

Learning Objectives

Learning Objectives

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