which of the following terms is not used in price qoutation for goods
Answer Details
The term "E. & O.E" is not used in a price quotation for goods. "E. & O.E" stands for "errors and omissions excepted." It is a legal disclaimer that is often used in contracts and other business documents to indicate that the information contained in the document is subject to change and that the author of the document is not responsible for any errors or omissions.
The other three terms are commonly used in price quotations for goods:
- C.I.F stands for "cost, insurance, and freight." It is a type of pricing that includes the cost of the goods, the cost of shipping, and the cost of insurance to protect the goods during shipping.
- EX Works means that the price quoted only includes the cost of the goods at the factory or warehouse, and does not include any other expenses such as shipping, customs, or insurance.
- F.A.S stands for "free alongside ship." It is a type of pricing that includes the cost of the goods, plus the cost of shipping the goods to the port of destination.