Synergy exists when the firm's businesses,product-markets,resource deployments,and competencies complement and reinforce one another.

Question

Quizplus · Accepted Answer

Synergy is the concept that the different components within a firm work together to enhance each other's performance. When businesses, product-markets, resource deployments, and competencies are aligned and reinforcing, it creates a synergistic effect that improves the overall performance of the firm. Therefore, the statement is true.

Synergy Exists When the Firm's Businesses,product-Markets,resource Deployments,and Competencies Complement and Reinforce