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Marina86 [1]
2 years ago
12

In the context of competitive advantage, when an organization's parts interact to produce a joint effect that is greater than th

e sum of the parts acting alone, it is referred to as _____. a. dysergy b. catharsis c. turnover d. synergy
Business
1 answer:
cluponka [151]2 years ago
4 0

Answer: Synergy.

Explanation:

Synergy occurs when different departments in an organization comes together to share ideas and resources with the sole aim of completing a project. A synergy for example, can be formed between the production and the marketing departments of a company to yield increase in sales.

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3 years ago
When a company strives to achieve lower overall costs than rivals and appeals to a broad spectrum of customers, it pursues Multi
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Answer:

an overall low-cost provider strategy.

Explanation:

Competitive advantage can be defined as conditions, factors or circumstances that allow a business firm (organization) to manufacture finished goods or services better and perhaps cheaper than other (rival) firms in the same industry. Thus, it's responsible for putting a business firm in a superior or more favorable position than rival firms.

This ultimately implies that, a competitive advantage has a significant impact on a business because it increases its level of sales, revenue generation and profit margin when compared to rival firms in the same industry.

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Hence, when a company strives to achieve lower overall costs than its rivals in the same industry and appeals to a broad spectrum of customers, it is considered to pursue an overall low-cost provider strategy.

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3 years ago
Macroeconomics, as opposed to microeconomics, includes the study of what determines the level of
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_____ refer(s) to fiscal policy that is caused by the deliberate action by policy makers rather than rules. Please choose the co
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