conglomerate

Definition

A corporation consisting of several companies in different businesses. Such a structure allows for diversification of business risks, but the lack of focus can make managing the diverse businesses more difficult.

Use conglomerate in a sentence

I do not trust the conglomerate's ideas on investment, particularly involving bonds they have selected using strange methods of selection.

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The massive conglomerate was able to use one of its companies to process the transaction as it was international and security was required.

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Having a large hand in everything from office supplies and car care, to medical products and electronic circuits, the 3M company is one of the largest conglomerates in the world.

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Berkshire Hathaway conglomerate discount