72.1k views
4 votes
Which of the following is an example of synergy between companies?

a. ExxonMobil acquiring a new refinery in order to boost production capabilities
b. The NBA advertising for their official sponsors and individual athletes within the league advertising their own sponsorship such as Nike in order to increase marketing potential for all
c. ESPN and Fox Sports airing similar programming to compete for viewers
d. Marathon Oil separating into separate upstream and downstream organizations to gain competitive advantage

User Hmoyat
by
8.0k points

1 Answer

6 votes

Final answer:

Synergy between companies is demonstrated when parties collaborate for mutual benefit, such as the NBA and its athletes co-promoting sponsors, thereby magnifying marketing potential. Hence, the correct answer is option b.

Step-by-step explanation:

An example of synergy between companies is: The NBA advertising for their official sponsors and individual athletes within the league advertising their own sponsorship such as Nike in order to increase marketing potential for all.

This represents a synergistic relationship because both the NBA and the individual athletes are working together to create a more significant overall marketing impact, benefiting from the increased exposure and association with each other. This synergy can lead to increased brand awareness and sales for all parties involved.

User Mariano Anaya
by
7.4k points