Buyer is a consumer Seller is a Distributor
a market with one buyer and one seller is called bilateral monopoly.
A mutually beneficial economic partnership is where both the buyer and the seller benefit from the exchange of goods (or money for goods) without being exploited: The seller offers their goods or service at a reasonable price without attempting to maximize profit while the buyer responds in kind by not attempting to undercut the Seller and make him lose profit.
FCA means Free Carrier (at named place): seller hands the goods over to buyer's designated carrier (pre-cleared for export) at the named place. This term is applicable to goods for transport by air, rail, road and containerised/multi-modal transport. Cost and risk change from buyer to seller as soon as the goods are accepted and signed for by the buyer's designated carrier. FOB means Free On Board (at named loading port): technically, the seller must load the goods on board the ship designated by the buyer, with cost and risk changing from buyer to seller as the goods pass over the imaginary vertical line defined by the ship's rail. This term is only applicable for Maritime transport, and is often misapplied for the terms FCA or FAS.
makes no journal entry for the transportation
Market with one buyer and and one seller is called bilateral monopsony
The seller is called the grantor. The buyer is called the grantee.The seller is called the grantor. The buyer is called the grantee.The seller is called the grantor. The buyer is called the grantee.The seller is called the grantor. The buyer is called the grantee.
Exworks: The seller is responsible for the goods till the factory outlet and after outlet, the buyer is responsible for goods, customs till the buyer's door. FOB(Free on Board): The seller is responsible for the goods till the port of departure where customs will be be looked after by seller and after departure from the seller's port, the buyer is responsible for the goods till the buyer's door.
The imposition of product or service specifications or performance requirements imposed by a Buyer on a Seller as a precondition of the Buyer purchasing goods or services from Seller.
The imposition of product or service specifications or performance requirements imposed by a Buyer on a Seller as a precondition of the Buyer purchasing goods or services from Seller.
Buyer is the one who is purchasing the goods from the seller...hence..the buyer must issue a non-operative PB to the seller...and the seller will issue an operative PB to activate the PB.
A credit note (also known as a credit memorandum or credit memo) is a document that is issued by a seller to a buyer. The credit note is used to reimburse a buyer for goods that have been returned to the seller or for goods/services that were not received by a buyer.
A credit note (also known as a credit memorandum or credit memo) is a document that is issued by a seller to a buyer. The credit note is used to reimburse a buyer for goods that have been returned to the seller or for goods/services that were not received by a buyer.
FCA - FREE CARRIER (... named place of delivery) The Seller delivers the goods, cleared for export, to the carrier selected by the Buyer. The Seller loads the goods if the carrier pickup is at the Seller's premises. From that point, the Buyer bears the costs and risks of moving the goods to destination.
a market with one buyer and one seller is called bilateral monopoly.
The advantage is no credit, purely consigned the goods. If the goods unsold, the entrustee or buyer can return the goods to entruster or seller without incurring any liability.
An unpaid seller has the following rights against goods notwithstanding the fact that the property in goods has passed to the buyer. 1. Right of lien, 2. Right of stoppage of goods in transit 3. Right of resale
Under certain circumstances, and depending on local law, sometimes "yes".