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  2. Conglomerates are large parent companies made up of smaller independent entities that may operate across multiple industries. Each of a conglomerate's subsidiary businesses runs independently of the other business divisions; but, the subsidiaries' managers report to the senior management of the parent company.
    www.investopedia.com/terms/c/conglomerate.asp
    Conglomerates are companies that either partially or fully own a number of other companies. Conglomerates offer diversification whereby if one subsidiary suffers, it can be counterbalanced another. The companies that are owned and managed by conglomerates can often access financing through the parent company.
    www.investopedia.com/articles/basics/06/conglom…
    A conglomerate business consists of a parent company that owns a series of diversified, smaller companies. These businesses are typically large which enables them to diversify across industries and mitigate risk.
    www.masterclass.com/articles/conglomerate-busin…
    A conglomerate is the combination of two or more business entities engaged in either entirely different or similar businesses that fall under one corporate group, usually involving a parent company and many subsidiaries. Often, a conglomerate is a multi-industry company and is often large and multinational.
    www.investopedia.com/terms/c/conglomeration.asp
    Conglomerates matter because they play a substantial role in the global economy by driving innovation across sectors, creating jobs, and stabilizing markets. Their ability to spread risk across different industries can make them more resilient in the face of economic downturns.
    quickonomics.com/terms/conglomerate/
     
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