The Term "FOB" Denotes

question 22

Multiple Choice

The term "FOB" denotes

• A) free on board.
• B) freight on board.
• C) free only (to) buyer.
• D) freight charge on buyer.

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Definitions:

Trade Barriers

Government-imposed restrictions on international trade, such as tariffs and quotas, that affect the free flow of goods between countries.

Inefficient Industry

A sector of the economy where resources are not optimally used, often leading to wasted efforts, higher production costs, and reduced competitiveness.

Cross-Border Flow

The movement of goods, services, capital, and people across national boundaries.

Financial Markets

Marketplaces where people trade financial securities, commodities, and other fungible items of value at low transaction costs and at prices that reflect supply and demand.