A ________ is a corporation made up of a number of companies, organizations, and media networks.
Question
A ________ is a corporation made up of a number of companies, organizations, and media networks.
Solution
A conglomerate is a corporation made up of a number of companies, organizations, and media networks. Conglomerates typically engage in diverse business operations across various industries, which can help them minimize risks and maximize growth potential. For instance, a conglomerate may own businesses in sectors such as technology, manufacturing, entertainment, and media, providing synergy and financial stability through diversification. This structure allows for great flexibility in navigating economic fluctuations, as losses in one area can often be balanced by gains in another. Examples of well-known conglomerates include General Electric, Berkshire Hathaway, and Disney.
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