What are INCOTERMS and why are they so important in international transactions? Give an example of a situation in which you would prefer to use DDP and explain your reasons!

Principles of Management
OER 2019th Edition
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax
Chapter18: Management Of Technology And Innovation
Section18.1: Mti—its Importance Now And In The Future
Problem 2CTQ: What impact does electronic trading have on the global economy?
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What are INCOTERMS and why are they so important in international transactions? Give an example of a situation in which you would prefer to use DDP and explain your reasons!

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