Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is the main advantage of classifying Incoterms into three basic categories? The categories determine risks for both exporter and importer. Classification allows Incoterms to

What is the main advantage of classifying Incoterms into three basic categories? The categories determine risks for both exporter and importer. Classification allows Incoterms to be updated every 10 years. Buyers and sellers can more easily decide which rules best align with their company's business strategy. The categories determine which mode of transportation you will use

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management

Authors: Stephen P. Robbins, Mary Coulter, Ed Leach, Mary Kilfoil

12th Canadian Edition

0134830458, 978-0134830452

More Books

Students also viewed these General Management questions

Question

Relax your shoulders

Answered: 1 week ago

Question

Keep your head straight on your shoulders

Answered: 1 week ago