Free on board (FOB)designates that the buyer is responsible for the costs of shipping and insuring a purchased product.

Name: Free on board (FOB)designates that the buyer is responsible for the costs of shipping and insuring a purchased product.
Brand: Quizplus
Rating: 4.8 (42 reviews)

Question

Quizplus · Accepted Answer

FOB means that the seller is responsible for getting the product to the point of shipment, but the buyer assumes responsibility and bears the cost of shipping and insuring the product from that point forward.

Free on Board (FOB)designates That the Buyer Is Responsible for the Costs