The Term "FOB Destination" Means

question 126

Multiple Choice

The term "FOB destination" means

• A) the seller of the merchandise is responsible for transportation costs.
• B) the seller relinquishes ownership at the shipping point.
• C) the buyer of the merchandise pays the shipping cost.
• D) the buyer assumes responsibility at the shipping point.

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Definitions:

Pollution

The contamination of natural environments by harmful substances or activities.

Environment Clean-up

The process of removing pollutants or contaminants from environmental media such as soil, groundwater, sediment, or surface water for the general protection and enhancement of the environment.

Negative Externality

A situation where the production or consumption of a good or service results in a harmful effect on unrelated third parties.

Market Equilibrium

Occurs when the quantity of a product demanded by consumers equals the quantity supplied by producers, leading to a stable price.