1. The CEO of your company has decided to globalize the company. She recently attended a CEO conference that was designed to give senior executives a briefing on some of the challenges and opportunities of doing business internationally. She heard about the INCOTERMS 2020 update, but didn't fully understand what Incoterms are. Upon returning to the office, she asked you (the senior logistics officer) to give her a briefing on INCOTERMS - what they are, who establishes them, what type of information they contain and some examples. Submit a copy of your response. Be sure to include brief descriptions of the major categories