Q291
The company that has acquired interest in different industries by taking over or merging with other companies, is called
A.
collateral
B.
coalition
C.
conglomerate
AnswerD.
None of the above
Answer: Option C
Solution
Answer: Option C
Solution:
The company that has acquired interest in different industries by taking over or merging with other companies, is called conglomerate. A conglomerate company is a combination of two or more companies running a totally different businesses and united under a one corporate group. This is structured as a main company and several subsidiaries. A conglomerate company Conglomerates are often large and multinational.