Question: What does the term free on board mean? Why is this an important term to understand if you are involved in making decisions about the

What does the term “free on board” mean? Why is this an important term to understand if you are involved in making decisions about the purchasing of inventory or the setting of prices for your products?

Step by Step Solution

3.42 Rating (174 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Free on board or fob terms describe where the goods change hands and who is responsible for the shi... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

475-B-C-A-T-A (304).docx

120 KBs Word File

Students Have Also Explored These Related Cost Accounting Questions!