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FOB Shipping Point
FOB Shipping Point, or Free On Board Shipping Point, means that the buyer takes responsibility for shipping costs and liability once the goods leave the seller's premises.
Year-End Inventory
The total value of a company's inventory at the end of its fiscal year.
Consignee's Location
The address or place where goods are to be delivered, typically belonging to the person or entity that will receive the goods.
Gross Profit Rate
An economic indicator that calculates the ratio of net income to sales revenue after deducting the cost of goods sold.
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