Question

FOB origin pricing refers to

a.   a method of “free on board” pricing where the price the seller sets includes all transportation costs.

b.   a method of pricing where taxes and tariffs are adjusted based upon the city, state, or country of origin of a product and not its destination.

c.   the “free on board” (FOB) price the seller quotes that includes only the cost of loading the product onto or into a vehicle and specifies the name of the location where the loading is to occur (seller’s factory or warehouse).

d.   a method of pricing where taxes and tariffs are adjusted based upon the city, state, or country destination of a product and not its place of origin.

e.   the buyer’s naming the location of this loading as the seller’s factory or warehouse.

Answer 1

(c). The “free on board” (FOB) price the seller quotes that includes only the cost of loading the product onto or into a vehicle and specifies the name of the location where the loading is to occur (seller’s factory or warehouse).

FOB- Free On Board, is a word identifying at whatever idea corresponding commitments, expenditures and danger tangled in the distribution of things move as of the supplier to the consumer. FOB ensures not to express the fact at which possession of the belongings is transported. Free On Board is a skill word that specifies whether the supplier or the consumer is answerable for possessions that are spoiled or demolished in the course of delivery. FOB means the consumer is at the danger just the once the supplier transport the possessions.