Cycle inventory exists because producing or purchasing in large lots allows a stage of the supply chain to exploit economies of scale and increase cost

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 contradicts Theodore Levitt's arguments for the globalization of world markets?

A. Consumers in most developed countries do not sacrifice preferred attributes for lower prices. B. Tastes and preferences are becoming more cosmopolitan due to cultural convergence. C. Similar product and technical standards across countries help a firm sell the same product worldwide. D. The emergence of the global youth segment is evidence of market segments that transcend national borders. E. The structure of market segments is extremely similar in various countries.