Economics · Business Organization
Which of the following best describes a 'Conglomerate'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A single-product company operating exclusively within a highly localized, specialized niche market
- 2A non-profit cooperative network formed voluntarily by independent regional agricultural producers
- 3A corporate entity consisting of multiple diversified business operations across widely varied, unrelated industries✓
- 4A public sector enterprise mandated by law to provide essential utility services at zero profit
Correct answer
A corporate entity consisting of multiple diversified business operations across widely varied, unrelated industries
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