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What Does FOB Mean? Differentiate Between FOB Origin,FOB Destination,and FOB

question 93

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What does FOB mean? Differentiate between FOB origin,FOB destination,and FOB installed.


Definitions:

Industries

Sectors of the economy made up of manufacturing, production, or services that share common characteristics, skills, technologies, and markets.

Inventory Carrying

The costs associated with storing unsold goods, including finance, storage, and risk costs.

Obsolescence

The process of becoming outdated or no longer used, often due to advancements in technology or changes in consumer preferences.

Warehousing

The act of storing goods that will be sold or distributed later, involving a wide range of activities including holding, handling, and managing inventory.

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