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How Is IMC Both a Concept and a Process

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How is IMC both a concept and a process?


Definitions:

Goods In Bailment

Items that are temporarily placed under the care of another, who holds responsibility for the good's safekeeping.

Storage On Board

Storage On Board refers to the holding or containment of goods within a vessel during transportation.

Free On Board

A shipping term indicating that the seller bears the transportation costs and risks up to the point of delivery to the carrier, after which the buyer takes over.

Sale-Or-Return

A sales agreement that allows the purchaser to return unsold goods to the seller rather than pay for them, typically used in retail or wholesale.

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