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Show your understanding of the ownership of goods in transit by completing the following statement.If goods are shipped FOB shipping point, then the (purchaser/seller) is responsible for paying freight charges and the (purchaser/seller) will not include the merchandise in their inventory.

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jepessoa

Answer:

The answers are:

  • purchaser
  • seller

Explanation:

Free On Board (FOB) shipping point is a type of shipping method where the buyer (purchaser) must pay the shipping costs. The seller has no delivery expenses. When FOB shipping point is used, the title of the products passes to the buyer at the shipping point.