An Example of Synergy in Business Is

question 72

Multiple Choice

An example of synergy in business is

• A) Amazon's use of the Internet to sell books.
• B) JP Morgan Chase's mergers with other banks that provided JP Morgan with a network of retail branches in new regions.
• C) Blockbuster combining traditional video rental with online video rental.
• D) Walmart's order entry and inventory management system to coordinate with suppliers.

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Definitions:

Third-Party Interventions

Involvement by an outside party to mediate, facilitate, or impose solutions in conflicts or negotiations.

Preventive ADR Systems

Stands for systems designed to prevent disputes through early resolution techniques, avoiding litigation and arbitration.

Third Party

A third party is an entity or individual who is not directly involved in a transaction or dispute but may have a role in facilitating, mediating, or influencing the outcome.

Technical Expertise

Technical expertise refers to the specialized knowledge and skills required to perform specific, often complex, tasks proficiently.