A firm that has merged with many other firms producing a variety of goods unrelated to each other
A) faces higher risks than if it specialized in one and focused on it
B) increases its market share in the industry
C) cannot maximize profit although it does maximize sales
D) cannot survive in the long run
E) is a conglomerate

Question

Quizplus · Accepted Answer

A conglomerate is a large corporation that owns companies in different industries, which helps diversify its business interests and reduce risk.

A Firm That Has Merged with Many Other Firms Producing