Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is a conglomerate and why is the term used instead of corporation or whatever?

April 26, 2017Business conglomerate corporation corporations Finance term Used

0

Posted

What is a conglomerate and why is the term used instead of corporation or whatever?

1 Answer

0

Posted

A conglomerate has many different kinds of businesses within a single corporation. Most companies make a single product like automobiles or may have a group of related products like oil, gas, chemicals, coal etc. A conglomerate might have an oil production division, an aircraft manufacturing division, a drug and health care division.