In an FOB pricing policy,the seller pays all freight charges to transport the product from the manufacturer's loading dock.

Question

Quizplus · Accepted Answer

In an FOB pricing policy, the buyer pays for the transportation of the product from the loading dock of the manufacturer. FOB stands for "free on board," which means that the seller is responsible for getting the product loaded onto the shipping vessel or vehicle, but the buyer is responsible for paying for the transportation costs beyond that point.

In an FOB Pricing Policy,the Seller Pays All Freight Charges