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What is conglomerate diversification

Explain the term conglomerate diversification?

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Whenever the firms develop new businesses which are not related to its original business, it is known as the conglomerates diversification. The advantages of the conglomerate diversification include reductions of the risks, financial stability, economics of large scale operations, and rise in the profits and achieve the managerial competence.

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  • Q : What is conglomerate diversification

    Explain the term conglomerate diversification?