Conglomerate

A conglomerate is a large company that owns and operates multiple smaller businesses across various industries. Instead of focusing on just one type of product or service, a conglomerate diversifies its investments to manage risk and increase profits. For example, a conglomerate might have interests in manufacturing, media, and retail. This strategy allows the company to balance financial performance, as gains in one sector can offset losses in another, and it can leverage resources and expertise across its different businesses. Examples of well-known conglomerates include General Electric and Procter & Gamble.