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
D. None of the above
Answer: Option C
Solution(By Examveda Team)
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.This Question Belongs to General Knowledge >> Basic General Knowledge
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conglomerate is the combination of two or more corporation engaged in entirely different business that fall into one corporation group.