A conglomerate (, kəng-GLOMM-(ə)-rət) is a type of multi-industry company that consists of several different and unrelated business entities that operate in various industries. A conglomerate usually is a parent company that owns and controls many subsidiaries, which are legally independent but financially and strategically dependent on the parent company.
A conglomerate (, kəng-GLOMM-(ə)-rət) is a type of multi-industry company that consists of several different and unrelated business entities that operate in various industries. A conglomerate usually is a parent company that owns and controls many subsidiaries, which are legally independent but financially and strategically dependent on the parent company.
Source: Wikipedia "Conglomerate (company)" · CC BY-SA 4.0
Share this article: X · Bluesky