Conglomerate: A conglomerate refers to a large

A conglomerate refers to a large corporation or company that owns and operates multiple diverse businesses across various industries. A conglomerate is a large corporation that owns a collection of different companies operating in various industries. These subsidiary companies are often unrelated, meaning they do not produce similar products or services. The purpose of a conglomerate is to diversify business operations and reduce risk by spreading investments across different markets. Key Characteristics of Conglomerates […] A conglomerate is a corporate group with subsidiaries in several different sectors, owned or controlled by a parent company. Learn how conglomerates diversify risk, optimize resources and cite Berkshire Hathaway as a successful example. The term Conglomerate is a core concept under business. Get to know the definition of Conglomerate , what it is, the advantages, and the latest trends here.