Business terms and jargon explained. Your business dictionary
What is Ex-Works
This term means that the seller does not deliver the goods. It is to be collected and transported at the customerís cost and risk from the sellerís premises. The seller and buyer agree when and where the goods are to be collected and when the risk of loss passes from seller to buyer.
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.