A(n)________ advantage is the advantage of conducting a particular economic activity in a specific area because of the characteristics of that area.
A)internalization
B)ownership
C)comparative
D)location

Question

Quizplus · Accepted Answer

Location advantage refers to the fact that a specific economic activity can be conducted more efficiently or effectively in a particular geographic location due to the characteristics of that location, such as natural resources, infrastructure, or access to markets. This can result in cost savings or other benefits for businesses operating in that area. Internalization advantage refers to the benefits of vertical integration within a firm, ownership advantage refers to the benefits of owning a particular resource or expertise, and comparative advantage refers to a broader concept of countries or regions specializing in activities where they have a relative advantage in terms of resources or skills.

A(n)________ Advantage Is the Advantage of Conducting a Particular Economic