Question

Which of the four basic components of strategy development needs to answer the question​ "How can different elements of our business benefit each​ other?"

a) Environmental analysis
b) Competitive advantage
c) Implementation
d) Synergy

Answer 1

The aspect of strategy development that focuses on how different elements of the business can benefit each other is termed Synergy.

Step-by-step explanation:

The component of strategy development that needs to answer the question "How can different elements of our business benefit each other?" is d) Synergy. Synergy in a business context refers to the combined efforts of different parts of a business which, when working together, produce a total effect that is greater than the sum of the individual elements. In strategy development, this involves assessing how various business units, products, or services can complement and enhance each other to create competitive advantage and value that would not be possible if they operated independently.