Incoterms Are Developed and Maintained by

question 47

Multiple Choice

Incoterms are developed and maintained by

• A) the U.S. Chamber of Commerce.
• B) the International Chamber of Commerce.
• C) the WTO.
• D) the United Nations.
• E) a committee of major global companies.

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Definitions:

Negative Concept

An idea or category defined by the absence of certain attributes or qualities rather than the presence of them.

Logical Definition

A precise description that aims to outline the essence of a concept by delineating its necessary and sufficient conditions.

Vague

Lacking in clarity, specificity, or precision, often intentionally or due to insufficient detail.

Obscure

Difficult to understand or unclear due to being complex or not explicitly stated.