If Company a in New York and Company B in Chicago

question 48

True/False

If Company A in New York and Company B in Chicago sign a contract that states "FOB Chicago," it means the parties have agreed to a shipment contract and the title and risk of loss passes to Company B when they are placed in the carrier's possession in New York.So,for example,if the goods are destroyed in transit Company B bears the risk of loss.

---

Definitions:

Distribution Network

The systematic arrangement of distribution centers, transportation routes, and hubs used to distribute products to customers.

Supply Chain Drivers

The key factors that directly impact the performance and efficiency of the supply chain, including facilities, inventory, transportation, information, sourcing, and pricing.

Cost

The amount of money or resources expended to acquire an asset, produce a product, or deliver a service.

Omni-Channel Retail

A retail strategy that provides customers a seamless and cohesive shopping experience across various channels and devices, integrating physical and digital platforms.