Question 1 What are the advantages of using the metric syst

Question 1 - What are the advantages of using the metric system in international commerce?

Question 2 - What are the trade-offs between utilizing a standardized policy and remaining flexible for an exporter? You can choose either terms of payment or Incoterms rules to illustrate your points.

Question 3 - In your opinion, why is it important for an exporter to sell in the importer country\'s currency?

Solution

1. because of this system we can export our product to any nation. there will not be any problems related to weight of the product and in its measure. that is the standard weight of the product.

2. if it is standardized policy, the terms and conditions are common and same. there wont be any changes apper or happen in these aspects. we can not do trade or buying and selling based on our requirements and abilities, we should follow the guidelines and regulations. if it is flexible one, we can do the transactions based on our abilities and requirements. and these can be changes based on the market conditions and other factors.

3. to hold the foreign currency in hand the exporter will sell it to the importer and ask to pay in their own currencies. he can use this for any import purpose or he can sell the currency whenever its value increases in international markets.