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

Question

Quizplus · Accepted Answer

Synergy refers to the cooperative interaction of two or more firms or business units to create a combined effect that is greater than the sum of their individual effects. In this context, synergy exists when a company's different businesses, product-markets, resource deployments, and competencies work together to create a more effective and efficient whole. This can lead to cost savings, increased revenues, and a competitive advantage over rivals who do not have the same level of integration and alignment among their various business units. Therefore, choice B is the best answer.

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