Galaxy Inc. , a reputed global conglomerate, has suffered substantial losses in recent months owing to the problem of end-user prices shooting high up in the export market. In order to regain its competitive advantage abroad, Galaxy must ________.

Question

Quizplus · Accepted Answer

By shortening the distribution channel, Galaxy can reduce its costs and offer a more competitive price to its customers, thereby regaining its competitive advantage in the export market. Increasing its budget on technical research or hiring more semi-skilled workers may not directly address the issue of high end-user prices. Centralizing production and sourcing to a single location may not be feasible or practical for a global conglomerate like Galaxy, and may also lead to higher transportation costs.