Which of the following best compares licensing and exporting as tools for entering foreign markets?

Licensing and exporting are both low$-$risk methods, but licensing is not as simple as exporting.

Licensing is riskier and more complicated than exporting.

Exporting is much riskier and more complicated than licensing.

Licensing and exporting are both low$-$risk, but exporting is more complicated.

Licensing and exporting are both complicated and expensive methods.