__________is a price tactic that requires a buyer to absorb the freight costs of a product from the shipping point
Fill in the blanks with correct word.
ANSWER: Free on board (FOB) origin pricing
FOB origin pricing is a price tactic that requires a buyer to absorb the freight costs from the shipping point. The farther buyers are from sellers, the more they pay, because transportation costs generally increase with the distance from which merchandise is shipped.
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Acceptance sampling is usually used to control:
A) the number of units of output from one stage of a process that are then sent to the next stage. B) the number of units delivered to the customer. C) the quality of work-in-process inventory. D) incoming lots of purchased products. E) all of the above.
Entrepreneurs can increase their chances for success if they ________
A) know their business in depth and develop a solid business plan B) manage their financial resources and understand financial statements C) learn to manage people and keep in touch with how they react to stress and balance their health needs with the needs of the business D) All of the above