Asked by Veronica Vaselin on Jul 17, 2024

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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.
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Verified Answer

EK
Ethan KassemJul 20, 2024
Final Answer :
D
Explanation :
The addition of windows and roof-related work and installation to the existing door business creates a market synergy, as it allows Home Designs to expand its offerings and capture more market share in the building industry. Procedural synergy involves improving operational efficiencies, rational synergy involves merging two companies for financial gain, technological synergy involves combining technologies to create new products or services, and management synergy involves integrating management styles and structures. However, none of these types of synergies accurately describe Home Designs' expansion into windows and roof-related work.