Conglomerate: Learn the meaning of conglomerate

Learn the meaning of conglomerate as a company or a rock, with examples from different contexts and sources. Find out how to say conglomerate in other languages with the translator tool. 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. The management of such a corporation may wish to diversify its field of operations for a number of reasons: making additional use of existing plant facilities, improving its marketing position with a broader range of products, or decreasing the inherent risk in depending on the demand for a single product ... A conglomerate in business terminology is a company that owns a group of subsidiaries conducting business separately, often in distinct industries. It reflects diversification of operations, product line and market to allow business expansion.