Which term describes a situation where the buyer is responsible for paying shipping and other costs incurred while goods are in transit from the seller's premise to the buyer's premises.
A)FOB shipping
B)FOB destination
C)FOB purchasing
D)FOB receiving

Question

Quizplus · Accepted Answer

FOB stands for "Free on Board" and refers to the point at which the buyer assumes responsibility for the goods. FOB shipping means that once the goods are received by the carrier, the buyer is responsible for all costs associated with shipping and any risks that may occur during transit.

Which Term Describes a Situation Where the Buyer Is Responsible