WAEC Commerce 2013 Objective — Question 49

Question 49 of 50 from the West African Examinations Council (WAEC) Commerce 2013 Objective paper, with the correct answer and a full explanation.

Which of the following price quotations requires the buyer to take delivery at the manufacturer's warehouse?

A. Ex-worksCorrect
B. F.O.R
C. C.I.F
D. F.A.S

Explanation

Ex works (EXW) is an international trade term that describes when a seller makes a product available at a designated location, and the buyer must cover the transport costs.

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