Question

Synergy is the concept that two businesses operating within a company will generate more profits together than they could separately by common use of technology, customers, distribution, managerial skills, or product similarity. True/ False?

Answer 1

Answer: True

Explanation: Synergy is the concept that two businesses operating within a company will generate more profits together than they could separately by common use of technology, customers, distribution, managerial skills, or product similarity.

Synergy is a concept created so that the collective efforts of two firms outweighs/supercedes the individual effect.

Answer 2

True

Step-by-step explanation:

Synergy is a concept where it is believed that the combined efforts of two firms will outweigh their individual effect.

This effect may result in increased revenue,decreased costs of operations, increased efficiency and greater customer satisfaction and increased outreach.