What is a conglomerate example?

What is a conglomerate example?

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.

What is considered a conglomerate?

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. Conglomerates can be created in several ways, including mergers or acquisitions.

What does conglomerate mean in business?

conglomerate, in business, a corporation formed by the acquisition by one firm of several others, each of which is engaged in an activity that generally differs from that of the original.

How do you use conglomerate in a sentence?

Conglomerate in a Sentence 🔉

1. The billionaire’s conglomerate includes restaurants, convenience stores, and a chain of hotels.
2. In the past, the mafia has run its affairs like a conglomerate with each venture being managed by a captain.
3. The conglomerate views its collection of profitable pawn shops as its greatest asset.

What are conglomerates in geography?

conglomerate, in petrology, lithified sedimentary rock consisting of rounded fragments greater than 2 millimetres (0.08 inch) in diameter. It is commonly contrasted with breccia, which consists of angular fragments.

What is conglomerate used for?

Conglomerates make up only a small percentage of all clastic sedimentary rocks. A common use for conglomerate is as a source of aggregates for construction; rarely, it is used as a building stone. Most of Ohio’s conglomerates are of Carboniferous (Mississippian and Pennsylvanian) ages.

How do you start a conglomerate?

To create a conglomerate will require you to extend your corporate reach into several different industries. That’s the nature of a conglomerate: an umbrella corporation that manages a portfolio of different product lines. Some corporations become conglomerates by buying up other businesses.

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