Theories of FDI: Limitations of Exporting Limitations of Licensing - "Internalization Theory" Strategic Behavior or Knickerbrokers Theory Product Life Cycle Theory Location-Specific Advantages{a} For each of the following Foreign Direct Investment [FIJI] scenario. identify the FIJI theory.r that provides the best rationale. {l D marks} {i} Coca Cola invests in foreign production facilities by establishing a fully-owned subsidiary since it wants to protect its farnousl}-' secret cola concentrate from competitors. [2 marks] iii] Comes. a MC manufacturing cement. enters foreign markets through local production since cement has high transportation costs due to its lovr value-to-tveight ratio. {2 marks} {iii} Fantasjriand. a company running theme parks. enters new market through direct investment since it wants a tight control over the operation strategy. {2 marks} {iv} Global steel manufacturers invest in production facilities in Ferrousland due to the high nualil}r ofiron-ore found in the region. {2 marks] {va When WME invests in a foreign market. its close competitor Sui-tel is also compelled to invest in the same market in order to avoid competitive disadvantage. {2 marks}