A student produces a table summarising the locations of the four stages of aerobic respiration in a eukaryotic cell:
| Stage | Location |
|---|---|
| Glycolysis | Cytoplasm |
| Link reaction | Mitochondrial matrix |
| Krebs cycle | Mitochondrial matrix |
| Oxidative phosphorylation | Inner mitochondrial membrane |
Explain why each stage occurs in its specific location, and describe how the structure of the mitochondrion is adapted to maximise the efficiency of the later stages.