Practical Operations Management
Practical Operations Management
2nd Edition
ISBN: 9781939297136
Author: Simpson
Publisher: HERCHER PUBLISHING,INCORPORATED
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Chapter 8, Problem 5P
Summary Introduction

Interpretation:

The buyer or seller is responsible for clearing the customs when goods are under standard term EXW.

Concept Introduction:

Ex-works is the term used when goods are placed at custom authority and the buyers pay for the expense to keep them at warehouse, not the sellers.

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