Arbitrage opportunities are simple trading opportunities and therefore account for little of the success Walmart experiences.
Answer the following statement true (T) or false (F)
False
In its simplest form, arbitrage involves buying something from where it is cheap and selling it somewhere where it commands a higher price. A big part of the Walmart success can be attributed to its expertise in arbitrage. The possibilities for arbitrage are not necessarily confined to simple trading opportunities. It can be applied to virtually any factor of production and every stage of the value chain.
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