ECONOMICS
ECONOMIC INSTITUTIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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combination of companies that control the production or distribution of a product or service
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includes jobs with large firms holding dominant positions within their industries
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set of organizations that determine how goods and services are produced and distributed
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network of unrelated businesses operating under one umbrella
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system in which political decisions are made as a result of bargaining and compromise among special-interest groups
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Detailed explanation-1: -Explanation: The conglomerate structure is described as a corporation developed with several unrelated and different businesses. In this structure, one company takes control of many other small companies involved in conducting their business independently and separately.
Detailed explanation-2: -Key Takeaways 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.
Detailed explanation-3: -Examples of conglomerates are Berkshire Hathaway, Amazon, Alphabet, Meta (formerly Facebook), Procter & Gamble, Unilever, Diageo, Johnson & Johnson, and Warner Media. All of these companies own many subsidiaries.
Detailed explanation-4: -A conglomerate is made up of several firms that are distinct in operations but stringed together to operate under one group. In many cases, conglomerates are large and multinational companies, in this set up, one parent company controls the stake of other distinct firms and businesses.
Detailed explanation-5: -In a way, Amazon, Apple, Facebook, etc., are called a conglomerate by many due to their large-scale diversification from core business.