What is the significance of the incorporation of these, Operation Management

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What is the significance of the incorporation of these

Now that we have briefly discussed the various aspects of a contract, it is now important for us to realize the significance of the rules associated with international trade. Some of you may already be familiar with terms of the trade typically referred to as Incoterms. Why do you think it was necessary to develop these terms? what is the significance of the incorporation of these terms to the international trade transaction process? Please discuss

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