_____ Are Internationally Recognized Commercial Terms That Describe the Responsibilities

question 60

Multiple Choice

_____ are internationally recognized commercial terms that describe the responsibilities of the buyer and seller in the arrangement of transportation and clarify when the ownership of the merchandise takes place.

• A) Incoterms
• B) Duties
• C) Letters of credit
• D) Values
• E) Tariffs

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Definitions:

Potential Customers

Individuals or organizations that are likely to purchase a company's products or services but have not yet done so.

Ads

Short for advertisements, these are promotional materials designed to attract attention and encourage consumers to buy products or services.

Sensation

The process of sensory receptors and the nervous system receiving and representing stimulus energies from our environment.

Hedonism

The pursuit of pleasure; sensual self-indulgence as a primary goal in life.