Synergies occur when two businesses pool their markets and knowledge, or when the output of one unit can be used as an input to another unit. As a result, costs are reduced and profits are made.
Synergies form when one unit's output may be used as an input by another, which lowers costs and increases profits.
Offer broad customization. Synergies are produced when two organizations combine their respective markets and areas of expertise to save costs and increase revenues.
How might information technology help a business cut back on agency fees? Information technology lowers the cost of gathering and interpreting data, enabling firms to cut agency expenses by making it simpler for managers to monitor a larger workforce. Overall, this brings down agency expenses.
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