A Moving to another question will save this response Question 1 The market imperfections approach seeks to explain the preference for FDI over licensing by fiems as a strategy to enter foreign markets why different nations import goods from other countries even when they are more capable of the disadvantages associated with the adoption of a completely free market view the benefits of exercising protectionism coupled with partial adoption of free market approach the patterm of sale of products from one country to another Moving to ar