Which of the Following Best Describes Synergy

question 45

Multiple Choice

Which of the following best describes synergy?

• A) It is the process by which some people avoid responsibility by "free-riding" in groups.
• B) It is the process of creating a whole greater than the sum of its individual parts.
• C) It is the process of analyzing business opportunities according to market growth rate and market share.
• D) It is the process that analyses the strengths, weaknesses, opportunities, and threats involved in a business.
• E) It is the process that seeks the lowest costs of operations within a special market segment.

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Definitions:

Marginal Cost

The cost incurred by producing one more unit of a good or service.

Socially Optimal Price

A price level for goods or services that considers the wellbeing of society as a whole, often factoring in externalities.

Deadweight Loss

The diminishing of economic efficiency when equilibrium in the free market for a product or service is not attained.

Benevolent

Showing kindness or goodwill, often characterized by acts of generosity or concern for others.