In the 1960s,RCA licensed its leading-edge color television technology to a number of Japanese companies,which later took over the market.This demonstrates that licensing:
A)is a better alternative to help companies from emerging economies to enhance their competitiveness and achieve growth.
B)subscribes to the open source ideology which aids the development of technology unencumbered by market dynamics and fluctuations.
C)may result in a firm's giving away valuable technological know-how to a potential foreign competitor.
D)does not give a firm the tight control over manufacturing,marketing,and strategy in a foreign country that may be required to maximize its profitability.

Question

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Licensing may result in a firm's giving away valuable technological know-how to a potential foreign competitor.For example,in the 1960s,RCA licensed its leading-edge color television technology to a number of Japanese companies,including Matsushita and Sony,who quickly assimilated RCA's technology and used it to enter the U.S.market to compete directly against RCA reducing it to a minor player in its home market.

In the 1960s,RCA Licensed Its Leading-Edge Color Television Technology to a Number