Tiffany & Co

question 59

Multiple Choice

Tiffany & Co. opted to enter into the mining industry in Canada in order to

• A)build the profit sanctuary necessary to wage guerrilla offensives against global challengers endeavoring to invade its home market
• B)capitalize on company competencies and capabilities
• C)gain access to new customers in new markets
• D)access diamonds that could be certified as "conflict-free" and not associated with unethical mining practices or the finding of military activities in Africa
• E)achieve lower costs and enhance the firm's competitiveness.

---

Definitions:

Contract Determination

The process of establishing the terms of a contract, including its obligations, benefits, and conditions, often through negotiation.

Enforcement

The act of compelling compliance with a law, rule, agreement, or order.

Acceptance

In contract law, an expression of agreement to the terms of an offer that results in a binding contract between the parties.

Auctioneer

A person or entity that conducts sales in which goods or property are sold to the highest bidder.