Question: In which situation does the internalization theory recommend FDI as opposed to licensing? Question 5 2 options: when the firm has know - how that

In which situation does the internalization theory recommend FDI as opposed to licensing?
Question 52 options:
when the firm has know-how that can be adequately protected by a licensing contract
when the firm produces products that have a low value-to-weight ratio
when a firm's skills and know-how are amenable to licensing
when the firm needs tight control over a foreign entity

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