Question
Read the situation below and determine which combination of the given statements serves as a possible, logical reason(s) for the organization's specific course of action. Situation: A premier, globally recognized luxury Swiss watchmaker announced that it will entirely phase out the use of newly mined gold across all of its future timepiece collections, transitioning exclusively to certified 100% recycled precious metals. Statements (Potential Reasons): 1. Affluent global consumers have increasingly demonstrated a preference for ethical luxury jewelry, associating their high-end purchases with sustainability and minimal ecological destruction. 2. International trade watchdogs and environmental agencies are projected to implement aggressive compliance penalties and strict supply-chain transparency laws on raw gold mining within primary manufacturing hubs. 3. The watchmaker’s market share had declined considerably over the last eight years due to uninspired, repetitive aesthetic designs and poor marketing campaigns.
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