The term used when the purchaser is responsible for the cost of freight is
A) F.O.B. shipping point.
B) F.O.B. destination.
C) F.O.B. seller.
D) F.O.B. purchaser.

Name: The term used when the purchaser is responsible for the cost of freight is A) F.O.B. shipping point. B) F.O.B. destination. C) F.O.B. seller. D) F.O.B. purchaser.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

F.O.B. (Free On Board) shipping point means that the buyer takes responsibility for the goods once they leave the seller's premises, including paying for the shipping costs.

The Term Used When the Purchaser Is Responsible for the Cost