SYNERGY Definition

Bookmark and Share

SYNERGY is the working together of two or more things to produce an effect greater than the sum of their individual effects. For example, in the context of mergers, cost synergy is the savings in operating costs expected after two companies, who compliment each others strengths, join.

Learn new Accounting Terms

CONTROLLABLE EXPENSE expenses that can be controlled or restrained by management. Some of the costs of doing business can be postponed or spread out over a longer period of time (e.g., personnel costs, travel & entertainment, marketing expense).

FREIGHT is the charge for transporting something by common carrier.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.