Discuss the use of Incoterms in international trade. At a minimum, address aspects such as the value Incoterms bring to an agreement, the advantages or disadvantages of using a specific Incoterm, and what companies need to know when using Incoterms.

C03: Categorize issues and concerns in global sourcing decisions
Prompt:
Discuss the use of Incoterms in international trade. At a minimum, address aspects such as the value Incoterms bring to an agreement, the advantages or disadvantages of using a specific Incoterm, and what companies need to know when using Incoterms.