If a Retailer Orders a Quantity of Merchandise to Be

question 127

Multiple Choice

If a retailer orders a quantity of merchandise to be delivered to his store in Phoenix and is quoted a price that does not include shipping charges, the retailer is paying a(n) ____ price.

• A)F.O.B. destination
• B)F.O.B. factory
• C)transfer
• D)postage-stamp
• E)base-point

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Definitions:

Just-in-time Delivery

A supply chain management strategy that aims to reduce inventory and increase efficiency by receiving goods only as they are needed in the production process.

Logistics

The organization of tracking, moving, storing, and delivering cargo in a trucking operation.

ASE Certification

A certification granted by the National Institute for Automotive Service Excellence to individuals who demonstrate knowledge and proficiency in automotive repair and service.

Transit Bus Technicians

Skilled professionals responsible for the maintenance and repair of buses used in public transportation.