Asked by Garrett Hallmark on Sep 26, 2024

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____ synergy has been achieved when one product or service fortifies the sales of one or more other products or services.

A) Management
B) Market
C) Rational
D) Cost
E) Technology

Market Synergy

The enhanced outcome or advantage created when two or more market entities collaborate or combine their efforts.

  • Understand the concept of synergy in business strategy and its effects.
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SM
Swati Modhaabout 8 hours ago
Final Answer :
B
Explanation :
Market synergy refers to the ability of one product or service to strengthen the sales of another. This can occur when two products or services are complementary, or when cross-selling and upselling strategies are effectively implemented. Management synergy refers to the combination of different skills and resources within a company to achieve a common goal, while rational synergy refers to cost savings achieved through mergers and acquisitions. Cost synergy focuses on reducing operational expenses by consolidating processes and eliminating redundancy. Technology synergy refers to the benefits gained from the integration or alignment of different technology systems.