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The company that has acquired interest in different industries by taking over or merging with other companies, is called
  • a)
    collateral
  • b)
    coalition
  • c)
    conglomerate
  • d)
    None of the above
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
The company that has acquired interest in different industries by taki...
A conglomerate company is a combination of two or more companies running a totally different business and United under a one corporate group.
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The company that has acquired interest in different industries by taki...


What is a Conglomerate?

A conglomerate is a company that has acquired interests in a wide range of different industries by taking over or merging with other companies. These conglomerates often have diverse business operations across various sectors such as technology, finance, healthcare, and more.

Characteristics of a Conglomerate

- Diversification: One of the key characteristics of a conglomerate is its diversification across multiple industries. This helps spread risk and allows the conglomerate to benefit from different economic cycles.
- Scale: Conglomerates often operate on a large scale, with significant resources and capabilities across their various business units.
- Mergers and Acquisitions: Conglomerates typically grow through mergers and acquisitions, acquiring other companies to expand their portfolio and market presence.
- Brand Portfolio: Conglomerates may have a wide range of brands under their umbrella, each catering to different markets and consumer segments.

Benefits of a Conglomerate

- Synergies: By having operations in multiple industries, conglomerates can leverage synergies across their business units to improve efficiency and drive growth.
- Risk Diversification: Diversification across industries helps reduce the impact of economic downturns on the overall business.
- Market Power: Conglomerates often have significant market power due to their size and presence across multiple sectors.

Examples of Conglomerates

- Berkshire Hathaway: Led by Warren Buffett, Berkshire Hathaway is a well-known conglomerate with holdings in industries ranging from insurance to energy to consumer goods.
- General Electric: Once a major player in various industries including aviation, healthcare, and finance, General Electric has undergone restructuring but still operates as a conglomerate in some sectors.

In conclusion, conglomerates play a significant role in the business world by diversifying their operations, leveraging synergies, and expanding their market presence through mergers and acquisitions.
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The company that has acquired interest in different industries by taking over or merging with other companies, is calleda)collateralb)coalitionc)conglomerated)None of the aboveCorrect answer is option 'C'. Can you explain this answer?
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