Relevant Range PhotoGraphicImages Inc. (PGI) is an international supplier of graphic and photo images that are used in the publishing business and by a variety of firms that need graphic images for their annual reports, sales brochures, and other documents. PGI purchases the rights to these images from other sources, including photographers, publishers, and graphic artists. PGI then pays the provider of the image a royalty based on the number of times the image will be used (e.g., the number of sales brochures that will be printed with that image). PGI operates in 16 countries, with small marketing and
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