conglomerate
Từ điển Collocation
conglomerate noun
ADJ. big, huge, large, vast | international, multinational | business, financial, industrial | food, media, mining, publishing, etc.
Từ điển WordNet
n.
- a composite rock made up of particles of varying size; pudding stone
- a group of diverse companies under common ownership and run as a single organization; empire
Bloomberg Financial Glossary
综合大企业|集团企业综合大企业,集团企业
A firm engaged in two or more unrelated businesses.
Investopedia Financial Terms
Conglomerate
A corporation that is made up of a number of different, seemingly unrelated businesses. In a conglomerate, one company owns a controlling stake in a number of smaller companies, which conduct business separately. Each of a conglomerate's subsidiary businesses runs independently of the other business divisions, but the subsidiaries' management reports to senior management at the parent company.
The largest conglomerates diversify business risk by participating in a number of different markets, although some conglomerates elect to participate in a single industry - for example, mining.
Investopedia Says:
These are the two philosophies guiding many conglomerates:
1. By participating in a number of unrelated businesses, the parent corporation is able to reduce costs by using fewer resources.
2. By diversifying business interests, the risks inherent in operating in a single market are mitigated.
History has shown that conglomerates can become so diversified and complicated that they are too difficult to manage efficiently. Since the height of their popularity in the period between the 1960s and the 1980s, many conglomerates have reduced the number of businesses under their management to a few choice subsidiaries through divestiture and spinoffs.
English Synonym and Antonym Dictionary
conglomerates|conglomerated|conglomerating
syn.: accumulate amass cumulate empire gather pile up pudding stone