ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -A conglomerate is a corporation made up of several different, independent businesses. In a conglomerate, one company owns a controlling stake in smaller companies that each conduct business operations separately. Conglomerates can be created in several ways, including mergers or acquisitions.

Detailed explanation-2: -What is a Conglomerate? A conglomerate is one very large corporation or company, composed of several combined companies, that is formed by either takeovers or mergers. In most cases, a conglomerate supplies a variety of goods and services that are not necessarily related to one another.

Detailed explanation-3: -In a way, Amazon, Apple, Facebook, etc., are called a conglomerate by many due to their large-scale diversification from core business.

Detailed explanation-4: -There are two types of conglomerate mergers: pure, where the two firms continue to operate in their own markets, and mixed, where the firms seek product and market extensions.

Detailed explanation-5: -A conglomerate is a firm that has four or more businesses, each making unrelated products, none of which is responsible for a majority of its sales.