If two organizations pool markets and expertise that result in lower costs and generate profits it is often referred to as creatingA) a value web. B) a value chain. C) synergies. D) core competencies

Question

Genevieve

Business

10 December, 11:11

If two organizations pool markets and expertise that result in lower costs and generate profits it is often referred to as creatingA) a value web. B) a value chain. C) synergies. D) core competencies

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Kent · Answer 1

C. synergies

Explanation:

Synergy in business refers to the creation of interaction between organisations that combine their efforts, and resources together to accomplish more together than they can separately.

organisation can get more done working together than they can working apart. The effects of synergy can also boost employee morale, amplify customer satisfaction, improve competitive advantage, and expand market share.

Therefore if two organisations pool market and expertise that result in lower cost and generate profit it is referred to as synergies