Question

General Electric is a company that used________to acquire and hold companies in the aerospace, consumer appliances, entertainment, financial services, health care, media, power generation, sensors, transportation, and water technology industries.

Answer 1

Answer:

The correct word for the blank space is: Conglomeration.

Explanation:

Conglomeration is the process by which a firm starts buying other companies that can be related to its original business or not. The purchased institution is treated as subsidiaries and the buying entity becomes the parent company. Conglomerates are useful for some organizations to take advantage of the brand name of the parent company that is usually a well-known corporation.

Answer 2

Answer:

The answer is Conglomeration

Explanation:

This is a term that describes the process by which a conglomerate is created, and a conglomerate is a corporation that owns a number of different businesses that are unrelated.

Another trait of a conglomerate is that every one of the conglomerate's subsidiaries operate independently of each other, but each subsidiary reports to the parent company.