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CLEP Introduction to Sociology Exam Prep

Category - CLEP Sociology Test Prep

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Which of the following terms refers to a company that has holdings in several different industries?

Multinational
Subsidiaries
Joint venture
Conglomerate

Explanation

Answer - D - A conglomerate is a company that has holdings in several different industries.

Key Takeaway: A conglomerate is a combination of two or more corporations engaged in entirely different businesses together into one corporate structure, usually involving a parent company and several (or many) subsidiaries. Often, a conglomerate is a multi-industry company. Conglomerates are often large and multinational.

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CLEP Introduction to Sociology Exam Prep

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CLEP Introduction to Sociology Exam Prep

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