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Patch Products Is an Australian Company That Has Given Permission

question 137

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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 did which of the following?


Definitions:

Corporate Codes of Conduct

are guidelines set by companies to govern the behavior of their members and outline ethical standards and corporate responsibilities.

Labor Standards

Regulations ensuring workers are treated fairly, covering minimum wage, working hours, health and safety, and other employment conditions.

WTO

The World Trade Organization, an international body that regulates and facilitates global trade.

Tripartite Structure

A three-party framework or system commonly used in industrial relations involving negotiations or discussions between labor (employees or unions), employers, and the government.

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