Internalization Theory Promotes the Idea That

Internalization theory promotes the idea that

A) licensing gives a firm tight control over manufacturing, marketing, and strategy in a foreign country.
B) licensing may result in a firm giving away valuable technological know-how to a potential foreign competitor.
C) licensing has no major drawbacks as a strategy for exploiting foreign market opportunities.
D) a problem with licensing arises when the firm's competitive advantage is based on its products rather than on the manufacturing capabilities that produce those products.
E) licensing is always more profitable than FDI.