________ exists when the combined benefits of a firm's activities in two or more arenas are more than the simple sum of those benefits alone.
A) Synergy
B) Competitive advantage
C) Diversification
D) Corporate strategy

Question

Quizplus · Accepted Answer

Synergy refers to the concept in which the combined benefits of a firm's activities in two or more arenas are more than the simple sum of those benefits alone. This is achieved by leveraging the strengths of each arena to create a competitive advantage that cannot be easily replicated by competitors. Synergy can be achieved through diversification, strategic alliances, mergers and acquisitions, and other corporate strategies. Therefore, option A is the correct answer.

________ Exists When the Combined Benefits of a Firm's Activities