3 Questions
What is one advantage of using incoterms?
Sets out the responsibilities and aids in avoiding errors that could harm both parties in terms of monetary value
What is the purpose of standardized terminology in incoterms?
To ensure consistent communication in international trade
What does incoterms help to legalize?
The accountability of both the exporter and the importer
Test your knowledge of incoterms with this quiz. Explore the advantages of using incoterms in international business, including responsibilities, standardized terminology, and legal accountability for both exporters and importers. Choose the correct options and assess your understanding of this essential aspect of global trade.
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