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Asked by Siavash Namdari on Jul 04, 2024

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Which of the following best describes synergy?

A) It is the process by which some people avoid responsibility by "free-riding" in groups.
B) It is the process of creating a whole greater than the sum of its individual parts.
C) It is the process of analyzing business opportunities according to market growth rate and market share.
D) It is the process that analyzes the strengths, weaknesses, opportunities, and threats involved in a business.
E) It is the process that seeks the lowest costs of operations within a special market segment.

Synergy

The enhanced effect achieved when multiple elements, organizations, or individuals work together, producing a result greater than the sum of their separate effects.

Free-Riding

The behavior of individuals or entities that benefit from resources, goods, or services without paying for them or contributing their fair share.

Market Growth Rate

measures the increase in a market’s size or demand over a specific period, indicating the expansion or contraction of a market.

  • Comprehend the idea and value of the impact of collaboration.
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Maharsh PatelJul 09, 2024
Final Answer :
B
Explanation :
Synergy refers to the idea that the combined effect of individuals or parts working together is greater than the sum of their separate effects. This is commonly used in business to describe the benefits that come from different departments or teams working collaboratively towards a common goal.

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