Briefly describe “industry divisions: the conglomerate structure.” Def

QUESTION

Briefly describe “industry divisions: the conglomerate structure.” Define “conglomerate” in your response.

What will be an ideal response?

ANSWER

Answer: A conglomerate is a large company that is doing business in different, often quite unrelated areas. The conglomerate is broken into several industries, often companies themselves. The conglomerate structure groups divisions around similar businesses or industries, each with its own president.
Explanation: A conglomerate is a large company that is doing business in different, often quite unrelated areas. The conglomerate is broken into several industries, often companies themselves. The conglomerate structure groups divisions around similar businesses or industries, each with its own president.