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Tavera is a large automobile company that saw performance decline once new competitors entered the market.Tavera is unable to simultaneously finance new product development and provide for improvements to older models.Tommy Hill,the marketing manager at Tavera decided to focus on cost-cutting with the older and more established brands,leaving them without much investment or modification.Tavera had decided to ________ the older products.
Preference Shares
Shares of a company's stock with dividends that are paid out to shareholders before common stock dividends are issued.
Common Shares
Equity securities that represent ownership in a corporation, providing voting rights and a share in the company's profits through dividends.
Doctrine of Ultra Vires
A legal principle stating that acts done beyond the scope of power of a corporation or governmental entity are invalid or void.
Corporate Law
The body of laws, regulations, and practices that govern the formation and operation of corporations.
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