_____ are the economies that arise from performing a value creation activity in the optimal place for that activity,wherever in the world that might be.

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Location economies arise when a company performs a value creation activity in the optimal place for that activity, wherever in the world that might be. This can be due to factors such as access to skilled labor, natural resources, infrastructure, transportation, or market demand. By taking advantage of location economies, companies can reduce costs, improve quality, and increase efficiency in their operations.

_____ Are the Economies That Arise from Performing a Value