Concept:Price quotation terms specify the exact point where the seller hands over goods to the buyer.
Explanation:Under
Ex-works, the seller keeps the goods at their own factory or warehouse.
The buyer must arrange and pay for loading, transport, and insurance from that point onward.
Thus, delivery is considered complete only when the buyer takes the goods from the manufacturer's premises.
Terms like F.O.R., F.O.B., and D.F.A.S. shift delivery to later stages, such as a railway station, ship, or destination.
Answer:A. Ex-works