Incoterms Are 11 Trade Terms That Describe the Responsibilities of the Buyer

question 32

True/False

Incoterms are 11 trade terms that describe the responsibilities of the buyer and seller in international trade.

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Definitions:

Concurrently

Occurring at the same time or simultaneously.

Marketing Tactics

Actions or strategies devised to achieve a specific marketing objective.

Marketing Strategies

Plans and approaches used by companies to attract, retain, and enhance relationships with their target market.

Target Market

The specific group of consumers at which a product or service is aimed.