Earlier quoted context omitted.
There's really only one unit for length: the meter. Centimeters aren't a different unit, they're "hundredths of a meter". You can call your lengths of timber "frobs" if you want, even in public! You could have people order them that way and sell them that way. The only requirement most places have is that you also specify what that is in meters so that people who don't know what a frob is, know what they're buying. I…
You mean similar to how stock prices used to be demarcated or how foreign exchanges use 'pip' values? ;-) ( http://www.cringely.com/2012/09/05/ticked-off-how-stock-mark... ) Seriously though good question. First though it made me realize that you never see prices in thirds of a dollar- as if everyone avoids it and have simply gotten used to avoiding it. I can't imagine a situation where ease of dividing by three for…
Veering sharply offtopic, seconds are actually called seconds because they're "second order minutes". So, just as a minute is 1/60 of an hour, a second-order minute is 1/60 of 1/60 of an hour.
In the past, people have indeed used "thirds" (1/60 of a second) and in the 13th century, Roger Bacon went as far as using "fourths" (1/3600 of a second)!