The transportation between the buying and selling firm is usually considered as part of the price. The __________ terms formalize the responsibilities of the buying and selling firm for delivery of the goods.

Question

Quizplus · Accepted Answer

The sentence indicates that the responsibilities for delivery of the goods are formalized, which suggests the use of a contract to define those responsibilities. While the other terms (formal, delivery, shipping, receiving) may be relevant to the process of transportation, only "contract" fits the context of defining those responsibilities.

The Transportation Between the Buying and Selling Firm Is Usually