Asked by Suthee Singtho on Sep 26, 2024

Refer to Home Designs, Inc. By building the second manufacturing facility on the same plot of land, Home Designs takes advantage of ____ synergy.

A) cost
B) rational
C) technological
D) market
E) management

Technological Synergy

The phenomenon where the interaction or cooperation of two or more technologies produce a combined effect greater than the sum of their separate effects.

Strategic Management

The process of setting goals, conducting analyses, making decisions, and implementing strategies in an organization to achieve its long-term objectives.

  • Comprehend the concept of synergy and its applications in business strategies for leveraging organizational strengths and opportunities.