Synergy Is the Concept That Two Businesses Operating Within a Company

question 51

True/False

Synergy is the concept that two businesses operating within a company will generate more profits together than they could separately by common use of technology, customers, distribution, managerial skills, or product similarity.

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Definitions:

Legal Protection

Measures and provisions established by law to safeguard interests, rights, and properties of individuals, organizations, or the society at large.

Brand-name Recognition

Brand-name Recognition is the extent to which a consumer can correctly identify a particular product or service just by viewing the product's logo, tag line, packaging, or advertising campaign.

Trade Secrets

Confidential business information that provides an enterprise with a competitive edge, and is protected from public disclosure.

Time Lag

The delay between the initiation of an action or policy and the observed effects or outcomes of that action.