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Business English vocabulary · Company Structure

Conglomerate

Meaning in business english, with examples

nounAdvanced term

In business english, conglomerate means: A business group made up of companies operating in substantially different industries.

In Turkish: farklı sektörlerde faaliyet gösteren şirketler grubu

How it is used

Used in business profiles and group strategy. The distinguishing feature is industrial diversity, not merely having many branches in the same line of business.

Example sentences

  1. The conglomerate owns a packaging manufacturer, a hotel chain and an insurance business.

    The businesses operate in different industries, illustrating the group's diversity.

  2. Our small division shares purchasing services with other businesses in the conglomerate.

    Diverse businesses can share support functions while keeping distinct operations.

Common collocations

  • a diversified conglomerate
  • part of a conglomerate
  • parent companyA company that owns or controls one or more other companies, which are called its subsidiaries.
  • subsidiaryA company that is owned or controlled by another company, called the parent company, but is a separate legal entity.

More terms: Company Structure

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