The Term Used When the Seller Is Responsible for the Cost

question 63

Multiple Choice

The term used when the seller is responsible for the cost of freight is:

• A) F.O.B. shipping point.
• B) F.O.B. destination.
• C) Freight-In.
• D) Purchases.

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Definitions:

Warehouse Club

A membership-based retail store offering a wide variety of merchandise, often in bulk and at lower prices than conventional retailers.

Selective Distribution

Distribution strategy in which a manufacturer selects only a limited number of retailers to distribute its product lines.

Marketing Costs

Expenditures associated with promoting, selling, and distributing a product or service, including advertising, market research, and sales force expenses.

Geographical Region

An area defined by natural or artificial features, political boundaries, or cultural characteristics that distinguish it from surrounding areas.