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Running head: LEGAL ISSUES IN BUSINESSLegal Issues in BusinessStudents NameInstitution1LEGAL ISSUES IN BUSINESS2Legal Issues in BusinessQuestion OneBusiness owners may in some cases hold meetings with the aim of reviewing the industrystandards and potentially developing ways through which they could work together. However, itis always critical that any of the parties involved in such a meeting maintains objectivity and iskeen enough not to be too agreeable on ideas presented by the other parties. Consequently, aprior understanding of potential issues of interest would present one with the opportunity toprepare for the meeting well enough, and determine how best he or she could address issuesarising in relation to industry practices.One of the primary issues to consider in the interaction would be the potentialconsequence of the meeting on the business activities at CloudFabric. One of the availableoptions on the table is an agreement between the company and the competitor to sellcomplementary products at $99. While this would be an increase in the price charged byCloudFabric for Babyspeak products, the same does not imply that consumers would welcomethe increased prices. Selling the products at the same price as the competitor, or even leaving outpart of the Georgia market to SWI would result in reduced revenue for CloudFabric. Hence,these two initial options would result in limited revenue for the company.On the other hand, the other two opti ...


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