History of American Business
Synergies refer to the potential financial benefit achieved through the combining of companies, where the value and performance of two companies combined is greater than the sum of the individual entities. This concept is crucial in mergers and acquisitions as it highlights how businesses can improve efficiencies, increase market share, and enhance profitability when working together. Synergies can come in various forms, including operational efficiencies, increased revenues, and cost reductions.
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