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- Multi-industry companyA business conglomerate is a type of multi-industry company that consists of several different and unrelated business entities that operate in various industries under one corporate group1. A conglomerate is formed by the acquisition by one firm of several others, each of which is engaged in an activity that generally differs from that of the original23. A conglomerate is a corporation that owns a controlling stake in smaller companies that each conduct business operations separately4. A conglomerate reflects diversification of operations, product line and market to allow business expansion2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.A conglomerate (/ kəŋˈɡlɒmərət /) is a type of multi-industry company that consists of several different and unrelated business entities that operate in various industries under one corporate group.en.wikipedia.org/wiki/Conglomerate_(company)A conglomerate in business terminology is a company that owns a group of subsidiaries conducting business separately, often in distinct industries. It reflects diversification of operations, product line and market to allow business expansion.www.wallstreetmojo.com/conglomerate/conglomerate, in business, a corporation formed by the acquisition by one firm of several others, each of which is engaged in an activity that generally differs from that of the original.www.britannica.com/money/conglomerate-businessA conglomerate is a corporation made up of several different, independent businesses. In a conglomerate, one company owns a controlling stake in smaller companies that each conduct business operations separately.www.investopedia.com/terms/c/conglomerate.asp
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