Synergy is the concept that two businesses operating within a company will generate more profits together than they could separately by common use of technology, customers, distribution, managerial skills, or product similarity.

Question

Ronnie Kane

Business

11 December, 18:35

Synergy is the concept that two businesses operating within a company will generate more profits together than they could separately by common use of technology, customers, distribution, managerial skills, or product similarity.

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Summer Weeks · Answer 1

TRUE

Explanation:

This statement is true, because synergy occurs in the business world as a synonym for collaboration between companies, that is, there is the sum of collective efforts to maximize results. These companies may be structured in a corporate holding format, that is, a set of companies that depend on the same matrix, is configured as a business group.

The biggest added benefits of companies that use this concept are the reduction of time and costs of production, distribution. Technology sharing, market gain, greater control and mobility, greater brand consolidation, and others.