General Electric is a company that used________to acquire and hold companies in the aerospace, consumer appliances, entertainmen

Question

ASHA 777 [7]

3 years ago

8

General Electric is a company that used________to acquire and hold companies in the aerospace, consumer appliances, entertainmen

t, financial services, health care, media, power generation, sensors, transportation, and water technology industries.

Business

2 answers:

mr Goodwill [35] · Answer 1 · 2022-05-19T12:36:33+03:00

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 <em>parent company</em>. Conglomerates are useful for some organizations to take advantage of the brand name of the parent company that is usually a well-known corporation.

inn [45] · Answer 2 · 2022-05-19T10:41:23+03:00

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.