Synergy Is the Notion That the Combination of Two or More

question 45

True/False

Synergy is the notion that the combination of two or more firms will create value exceeding what either firm could have achieved if they had remained independent.

---

Definitions:

Supply Research

The process of studying the market and suppliers to understand the availability, quality, and cost of materials or services needed by a business.

Benchmarking

A method of measuring the performance of a company's products, services, or processes against those of another business considered to be the best in the industry.

Purchasing Process

A series of steps taken by organizations to acquire goods or services, typically including identification of needs, selection of suppliers, negotiation, and payment.

Industrywide Standards

Established norms or criteria within an industry that ensure quality, compatibility, and interoperability among products or services.