Demand (Sales) Forecasts Serve as Inputs to Financial, Marketing, and Personnel

question 113

True/False

Demand (sales) forecasts serve as inputs to financial, marketing, and personnel planning.

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Definitions:

FOB Shipping Point

A term used in shipping contracts to indicate that the buyer is responsible for the goods once they are shipped, and must pay for the shipping costs.

FOB Destination

A shipping term indicating that the seller is responsible for the goods and transportation costs until the buyer receives the items.

FOB Destination

A shipping term indicating the seller bears freight charges and retains ownership until goods are delivered to the buyer.

Freight Costs

Expenses associated with transporting goods from one place to another.