multi-industry company

A multi-industry company operates in several different sectors rather than focusing on just one. For example, it might produce electronics, provide financial services, and own retail stores all under the same corporate umbrella. This diversification helps spread risk, as downturns in one industry can be offset by stability or growth in others. It also allows the company to capitalize on various market opportunities, leverage resources across divisions, and create multiple revenue streams, contributing to overall stability and growth. Essentially, a multi-industry company is a large organization with a broad range of business activities.