When the Terms of Sale Are FOB Shipping Point, Legal

question 6

True/False

When the terms of sale are FOB shipping point, legal title to the goods remains with the seller until the goods reach the buyer.

Recognize examples of "metering" strategy in various industries.

Evaluate the legal considerations in volume discounts through the lens of the Robinson-Patman act.

Grasp the differentiation between individual and aggregate demand.

Understand the implications of customer loyalty programs on consumer behavior.

---

Definitions:

Icons

Graphic symbols used on a computer screen or in a graphical user interface to represent programs, files, functions, or actions for ease of use.

Typography

The art and technique of arranging type to make written language legible, readable, and appealing when displayed.

White Space

Areas of a page left unmarked; in design, it helps to create a visual structure and guide the viewer's focus.

Line Length

The measurement of the length of a line of text, which can affect readability and visual appeal in written communication.