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_____________ refers to a transaction in which the buyer takes delivery at the premises of the seller; the buyer bears all risks and expenses from that point on.

1 Answer

4 votes

Final answer:

The subject of this question is Business, and it explains the concept of Ex Works (EXW) in international trade, where the buyer takes full responsibility for the goods once they are delivered to the seller's premises.

Step-by-step explanation:

The subject of this question is Business and it is suitable for High School level. The transaction being described is known as Ex Works (EXW) in international trade. In this type of transaction, the buyer takes full responsibility for the goods once they are delivered to the seller's premises. The buyer bears all risks and expenses from that point onwards, such as transportation, insurance, and customs clearance.

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User Brandon Kindred
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