TERM OF THE DAY
conglomerate
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.
Example
After a handful of smaller companies that vary in business operations merge, the result can be called a conglomerate.
conglomerate
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.
Example
After a handful of smaller companies that vary in business operations merge, the result can be called a conglomerate.
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