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.
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.
