Final answer:
b) Access to raw materials and c) low transportation costs are both location-specific advantages that offer businesses the opportunity to optimize production efficiency and reduce distribution expenses, respectively.
Step-by-step explanation:
Two examples of location-specific advantages are access to raw materials and low transportation costs. Access to raw materials offers companies an advantage because it can significantly reduce the cost of production and lead to more efficient operations. Low transportation costs are also advantageous as they decrease the expenses associated with distributing products to customers, which can improve profit margins and the overall competitiveness of a business. Both of these factors influence the opportunity and advantage businesses have by optimizing their location for economic activities.