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The following product line information is for the Swiss Watch Company. The company is considering dropping its Children's product line due to poor operating income performance. Fixed expenses are allocated to each product line based on sales revenue.
Title
The lawful entitlement to possess, hold, or utilize property.
Restrictive Covenant
A clause in a contract that limits certain actions or uses of property to protect business interests or property value.
Residential Purposes
The use of property for dwelling or living areas for individuals or families, as opposed to commercial or industrial purposes.
Title Insurance
Insurance that protects real estate owners and lenders against any property loss or damage they might experience because of liens, encumbrances, or defects in the title to the property.
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