Argus Inc. is a large multinational company owned by two partners, is active in the petroleum, capital market, chemicals, steel, beverages, hospitality, airlines, education, automobiles, and consumer electronics industries. The company has multiple brands and a large product portfolio under its banner. Which of the following terms would best describe this company?
A) a flagship brand
B) a single-business firm
C) a dominant-business firm
D) a conglomerate

Question

Quizplus · Accepted Answer

Argus Inc. is a conglomerate. A company that combines two or more strategic business units under one overarching corporation and follows an unrelated diversification strategy is called a conglomerate.

Argus Inc Is a Large Multinational Company Owned by Two Partners