Interior Design Professional Practice Exam

Category - Interior Design Practice Exam

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When stated for shipping FOB factory/freight prepaid. What does this stand for?

The factory owns the shipment and pays the expense until received by consumer.
The buyer owns the items in transit and the freight has been paid in advance or by shipper.
The shipment is owned by the factory and the buyer paid for the shipping in advance.
The buyer pays for the shipping and owns the merchandise.

Explanation

Answer: B - The buyer owns the items in transit and the freight has been paid in advance or by shipper.
FOB= Free on Board

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