The fashion buyer for Neiman Marcus is in Italy to view the new collections and to order for the coming season.In Milan, she negotiates a good price for a quantity of shoes in a range of sizes and styles, FOB factory.This means that
A) the factory selects the mode of transportation, pays freight charges, and is responsible for any damage because the seller retains title to the goods until they are delivered to Neiman Marcus.
B) Neiman Marcus selects the mode of transportation, pays freight charges, and is responsible for any damage while the shoes are in transit because title passed to the buyer at the point of loading.
C) Neiman Marcus and the factory split freight costs.
D) the factory pays freight to the U.S., Neiman Marcus pays freight within the U.S.
E) the factory passes the title when the goods are loaded, but will pay all shipping costs.
Correct Answer:
Verified
Q235: List four key factors used to estimate
Q298: What are the six major steps involved
Q373: Washburn Guitars broke their guitars into four
Q374: The two general methods for quoting prices
Q375: Central Ice Machine Company is located in
Q376: Washburn Guitars broke their guitars into four
Q377: Which of the following statements about geographical
Q379: A method of pricing where the price
Q380: To reduce the price sensitivity for some
Q382: The executive vice president of Washburn Guitars
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents