Asked by Veronica Vaselin on Jul 17, 2024
Verified
Refer to Home Designs, Inc. When Home Designs adds windows and roof-related work and installation to the door business, it can best be described as which type of synergy?
A) Procedural
B) Rational
C) Technological
D) Market
E) Management
Strategic Management Approach
An organizational management activity focused on setting priorities, concentrating resources, and ensuring operations are aligned with long-term objectives and the external environment.
Market Synergy
The combined effect that exceeds the sum of individual effects, achieved when companies or products integrate, leading to enhanced market presence or competitiveness.
Technological
Relating to or involving technology, especially in regard to its development, implementation, and impact on society.
- Understand synergy types and their impacts on business strategies and operations.
Verified Answer
Learning Objectives
- Understand synergy types and their impacts on business strategies and operations.
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