Business, 11.10.2020 23:01 Jimenezmiranda
Distanet Corporation and Telenex Corporation are competitors in the gaming accessories market. Telenex has been the market leader for over five years. After examining the price and sales data of products from both companies and consulting an economist and an accountant, Distanet's directors vote for a reduction in price of Distanet's products. They believe that reducing prices would make the company more competitive. The decision to reduce prices does not improve sales significantly. In fact, Distanet's revenues decrease as a result of the decision. Aileen, a stockholder of Distanet, seeks to hold Distanet's directors liable for the failure of the plan to improve Distanet's position in the computer market and for the losses experienced by the corporation as a result of the implementation of the plan. Will she succeed in her suit?
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Distanet Corporation and Telenex Corporation are competitors in the gaming accessories market. Telen...
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