CIPS Exam L4M4 Topic 1 Question 14 Discussion

Actual exam question for CIPS's L4M4 exam

Question #: 14
Topic #: 1

[All L4M4 Questions]

What is a major benefit to using Incoterms when sourcing goods internationally?

Ait ensures value for money

Bit ensures ethical business practices

Cit replaces lengthy contractual clauses

Dit replaces the need for insurance

Show Suggested Answer

Suggested Answer: A

The three pillars of sustainability are profit, people and planet. This may also be referred to as social, economic and environmental.

by Wendell at Jun 30, 2024, 04:58 PM

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23 days ago

I believe it also helps in avoiding any misunderstandings in the contract, so I would go with C) it replaces lengthy contractual clauses.

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25 days ago

I agree with Ayesha, using Incoterms can help in getting the best value for our money.

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27 days ago

I think the major benefit is that it ensures value for money.

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