In the context of a meganational strategy, _____ refer to the cost advantage of performing each stage in the value chain at the lowest cost for that activity.

A) balanced scorecards
B) capital gains
C) bear markets
D) location economies

Location Economies

The economic benefits that firms gain by performing a particular activity in the optimal location for that activity.

Meganational Strategy

A strategy employed by companies that operate globally, aiming to balance the scale benefits of global operations with the need to adapt to local markets.

Value Chain

All the value-creating activities undertaken by the company.