Allowances Are Given to Final Consumers, Business Customers, or Channel

question 273

True/False

Allowances are given to final consumers, business customers, or channel members for accepting more of something.

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Definitions:

Risk Of Loss

Refers to the concept in commerce regarding which party bears the liability for goods damaged or destroyed during transportation or storage.

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.