If two organizations pool markets and expertise that result in lower costs and generate profits it is often referred to as creating
A) a value web.
B) a value chain.
C) synergies.
D) core competencies.

Question

Quizplus · Accepted Answer

The scenario described in the question is an example of creating synergies. Synergies occur when two or more organizations combine resources or expertise to achieve greater results than either could alone, resulting in lower costs and increased profits. A value web refers to a network of relationships between companies that work together to provide value to the customer. A value chain refers to the process by which a company adds value to its products or services. Core competencies refer to the unique strengths and strategic advantages that a company has over its competitors.

If Two Organizations Pool Markets and Expertise That Result in Lower