Expenses decrease retained earnings.

Terms like crony capitalism and kleptocracy refer to rampant corruption and bribery on the part of Putin loyalists

Indicate whether the statement is true or false

Which of the following best characterizes the concept of global integration?

A) Effective global competition requires that products be specialized based on the market. B) Making adjustments for unique markets is an essential element of international business. C) Creating variations of the same product for different markets is an unnecessary expense. D) The differences in market-to-market distribution channels must be accommodated.