ITT, Textron, General Electric, and Allied Signal in the US, and Hanson, Slater-Walker, and BTR in the UK are:
A)Conglomerates in related businesses
B)Conglomerates
C)Vertically integrated firms
D)Large and unsuccessful firms

Question

Quizplus · Accepted Answer

These companies are conglomerates, meaning they are corporations made up of various smaller companies that operate in unrelated industries. They often diversify their portfolios to manage risk and maximize profits.