A cigarette manufacturer, several US television stations, and a high-end clothing business were all acquired over the past 20 years by a snack food manufacturing company. Conglomeration can be seen in this instance.
Conglomeration refers to the procedure that leads to the formation of a conglomerate, such as when a parent corporation starts to buy out subsidiaries. Conglomeration can also refer to a period of time when numerous conglomerates form at once.
The protection it gives the parent firm against potential takeovers is one of the main benefits of amalgamation. A conglomerate is a business organization made up of two or more companies that operate in completely unrelated or closely related industries and are part of the same corporate group. A conglomerate is frequently a huge, international firm with multiple industries.
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