Global Produce Corporation in Hawaii Sells Fifty Tons of Pineapple

question 34

Multiple Choice

Global Produce Corporation in Hawaii sells fifty tons of pineapple to Ideal Groceries,Inc. ,in California,F.O.B.Hawaii.The cost of transport?ing the produce to California will be paid by

• A)California.
• B)Global Produce
• C)Ideal Groceries.
• D)Hawaii.

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Definitions:

Complementary Goods

Products or services that are used together, where an increase in demand for one leads to an increase in demand for the other.

Substitute Goods

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Price of Oil

The amount of money required to purchase a barrel of oil, influenced by global supply and demand, geopolitical events, and other factors.

Natural Gas

Natural gas is a fossil fuel consisting mainly of methane and other hydrocarbons, used as a source of energy for heating, cooking, and electricity generation.