Question on: JAMB Commerce - 2024
When the price quoted includes all the cost to the actual destination, that is, from the seller's warehouse to the buyer's warehouse. it is called
A
loco price
B
franco
C
carriage paid
D
cash on delivery
Ask EduPadi AI for a detailed answer
Correct Option: B
The correct answer is "franco" because:* Franco pricing means the seller bears all the costs, including transportation, to the buyer's location.* Loco price refers to the price at the seller's location (e.g., factory or warehouse).* Carriage paid indicates the seller pays for transportation up to a certain point, but not necessarily the final destination.* Cash on delivery (COD) is a payment method, not a pricing term that includes all costs to the destination.
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