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Answer :
Synergy exists when the firm's businesses, product markets, resource deployments, and competencies complement and reinforce one another. Option 1.
What is synergy?
Synergy is the extra energy and productivity produced by two individuals or entities when they come together and work as a unit.
Synergy is frequently used in the business world to refer to the additional benefits produced by merging two organizations.
Synergy is a phenomenon in which the combined output of two entities is greater than the sum of their individual outputs, according to the business world.
Hence, synergy exists when the firm's businesses, product markets, resource deployments, and competencies complement and reinforce one another. Option 1.
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