Globalisation of supply chains is increasingly commonplace,with regard to international purchasing:

a) Explain the benefits of Incoterms to International Trade. (6 marks)

b) Briefly explain these three commonly used Incoterms; EXW, FOB, and DDP (6 marks)

c) Suggest an Incoterm you would prefer to use in the instance of buying raw materials to your company premises from outside the EU and explain why your choice (8 Marks)