When Two Organizations Pool Markets and Expertise That Result in Lower

question 24

Multiple Choice

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.

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Definitions:

Drive Theory

A theory in psychology that explains motivation as being driven by the desire to reduce internal tensions caused by unmet needs.

Social Facilitation

The tendency for individuals to perform better on tasks when in the presence of others than when alone.

Wisdom of the Crowd

The phenomenon that collective judgment or decision of a diverse group of individuals is often more accurate than that of any single member of the group.

Ringelmann Effect

The phenomenon where individual productivity decreases as the size of a group increases, often due to coordination and motivation issues.