Business, Legal & Accounting Glossary
A corporation consisting of several companies in different businesses. Such a structure allows for diversification of business risks, but the lack of focus can make managing the diverse businesses more difficult.
I do not trust the conglomerate‘s ideas on investment, particularly involving bonds they have selected using strange methods of selection.
The massive conglomerate was able to use one of its companies to process the transaction as it was international and security was required.
Having a large hand in everything from office supplies and car care, to medical products and electronic circuits, the 3M company is one of the largest conglomerates in the world.
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This glossary post was last updated: 21st November, 2021 | 0 Views.