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Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

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BuyFindarrow_forward

Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447
Textbook Problem

F.O.B. shipping point and F.O.B. destination are shipping terms that specify where the merchandise ____ is transferred. (7-1)

To determine

To fill: The blank provided for the statement, ‘F.O.B. shipping point and F.O.B. destination are shipping terms that specify where the merchandise _____ is transferred’.

Explanation

F.O.B. stands for Free On Board or Freight On Board.

This term is used to define the shipping charges. It is used when title of goods is transferred to the buyer from the seller.

In this, the buyer is responsible for the merchandise...

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