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Freeware
Online software that is available for
download and usage without cost (or free of
charge) to the user. See Also: Shareware.
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Freight
1. Supplies, goods, and transportable property
being moved between locations.
2. Compensation paid for the transportation of
goods or for the use of a carrier.
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Freight Classification
A list of articles, their
assigned classifications, the applicable freight
rate, and freight rules and regulations.
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Freight Forwarder
An agent responsible for transporting cargo on behalf of the cargo’s owner, from when the goods are picked up from the seller to when they are delivered to the buyer’s specified location.
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Frictionless Market
A financial market that has
no transaction costs.
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Fringe Benefit
Benefit offered to employees
other than salary (e.g., insurance, employee
discounts, tuition assistance).
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Front-End Loading
The inclusion of higher prices
for goods or services delivered first in contract
performance, with lower-than-normal prices
included for the goods or services delivered
later. See also: Unbalanced Bid.
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FTC
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FTZ
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Full and Open Competition
The process by which
two or more suppliers attempt to secure the
business of a third party by offering the most
favorable price, quality, delivery terms, and
service. The concept of competition presumes
the existence of a marketplace in which there
is more than one supplier that can provide
similar goods and/or services.
