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Distribution channels typically account for 15 to 40 percent of the retail price of goods and services in an industry (Exhibit 1) and there is every reason to expect that they could represent a commensurate opportunity for boosting profits and competitiveness. Indeed, the potential payoff fr...
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US investment banks are cutting costs by shrinking employment, but they can trim other types of spending without causing serious damage to their culture or morale.
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