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| Few companies that expect profits to decline this year seem to be planning to remedy the situation by introducing new products or services, according to a McKinsey executive survey. Those weakened companies appear to be focusing more on cutting operating costs. The good news is that most executives see a brighter year ahead: Some 74% of the respondents say they expect their companies' profits to rise over the next 12 months, up from 46% in December 2009. |
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