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

Question

Quizplus · Accepted Answer

When two organizations pool their markets and expertise, they can leverage each other's strengths and create synergies. Synergies refer to the combined efforts of the two organizations resulting in greater efficiency, lower costs, and increased profits. The other options are not relevant to the concept of pooling resources and creating synergies. A value web refers to a network of business relationships that work together to deliver value to customers. A value chain refers to the steps involved in delivering a product or service to customers. Net marketplaces refer to online platforms where buyers and sellers can transact business. Core competencies refer to unique capabilities or skills that a company possesses and that distinguish it from its competitors.

When Two Organizations Pool Markets and Expertise That Result in Lower