When the Exporter Quotes a Price for the Goods, Including

question 11

Multiple Choice

When the exporter quotes a price for the goods, including charges for delivery of the goods alongside a vessel at a port (the seller covers all costs of unloading and
Wharfage at the shipment port and the buyer covers all other charges to get the goods
To the buyer) , this form of terms of shipment is called:

• A) ex-works.
• B) free alongside ship (FAS).
• C) free on board (FOB).
• D) cost and freight (CFR).
• E) Cost, Insurance, and Freight (CIF).

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Definitions:

Planning Horizon

The future time period over which an organization makes plans or decisions.

Minimize Cost

An objective in many business operations and economic models aiming to reduce expenses to the lowest possible level while maintaining efficiency and quality.

Capacity

The maximum amount of work or output that a system or facility can produce or handle over a given period of time.

Expediting

Expediting involves speeding up processes or deliveries, often to meet a tight deadline or to overcome delays.