FOB Origin Pricing Refers to

question 357

Multiple Choice

FOB origin pricing refers to

• A)a method of "free on board" pricing where the price the seller sets includes all transportation costs.
• B)a method of pricing where taxes and tariffs are adjusted based upon the origin of a product and not its destination.
• C)a method of pricing where taxes and tariffs are adjusted based upon the destination of a product and not its place of origin.
• D)the "free on board" (FOB) price the seller quotes that includes only the cost of loading the product on the vehicle and specifies the name of the location where the loading is to occur (seller's factory or warehouse).
• E)an agreement that no pricing changes can be made by the buyer or seller, once the freight is placed aboard its specified carrier.

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Definitions:

CISG

An abbreviation for the United Nations Convention on Contracts for the International Sale of Goods, a treaty that governs international commercial transactions.

Avoided

In legal or contractual contexts, refers to actions or circumstances that render an agreement invalid or not enforceable.

Resold

The act of selling an item that has previously been sold, often referring to goods bought for the purpose of resale.

Resale Price

The resale price is the amount for which goods or services are sold again to consumers or businesses after being bought from the original seller or producer.