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  2. 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 usually has a parent company that owns and controls many subsidiaries, which are legally independent but financially and strategically dependent on the parent company.
    en.wikipedia.org/wiki/Conglomerate_(company)
    A conglomerate is a multi-industry company, meaning it is a corporation that owns a variety of subsidiary businesses in different industries. Unlike focused companies, which specialize in a single market or product area, conglomerates diversify their business risk by investing in a wide range of industries.
    quickonomics.com/terms/conglomerate/
    Conglomeration describes the process by which a conglomerate is created, as when a parent company begins to acquire subsidiaries. Conglomeration often results in a new company that is a large multi-industry, multinational company.
    www.investopedia.com/terms/c/conglomeration.asp
     
  3. People also ask
    What is a conglomerate company?A conglomerate is a corporation of several different, sometimes unrelated, businesses. In a conglomerate, one company owns a controlling stake in several smaller companies, conducting business separately and independently.
    What is conglomerate ownership?Conglomerate ownership refers to a situation where a single company owns several smaller businesses, including media outlets. These conglomerates may have holdings in different domains such as film, television, publishing, and digital media.
    How does a conglomerate work?A conglomerate usually has a parent company that owns and controls many subsidiaries, which are legally independent but financially and strategically dependent on the parent company. Conglomerates are often large and multinational corporations that have a global presence and a diversified portfolio of products and services.
    Do conglomerates have subsidiaries?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.
     
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