Patch Products Is an Australian Company That Has Given Permission

question 73

Multiple Choice

Patch Products is an Australian company that has given permission to several Latin American companies to manufacture and market its patented Spanish/English children's frame tray puzzles.Because Patch uses licensing as its global marketing strategy,it:

• A) must only pay a minimal royalty to the licensed companies
• B) cannot control how the puzzles are manufactured
• C) has involved itself in the global marketing strategy that gives it the greatest amount of control
• D) cannot have any control over how the puzzles are promoted or distributed
• E) chose a method of global marketing that created minimal risk

---

Definitions:

Assumptions

Premises or conditions accepted as true without proof, used as bases for reasoning or an argument.

Secondary Effects

The indirect impacts that follow the primary effects of a decision or action in economics, often unforeseen or unintended.

Mediocre Economists

Economists who may possess average skills or lack the influence of leading thinkers in their field.

Observable

A characteristic or phenomenon that can be seen, measured, or otherwise detected through empirical methods.