Hot and Black Tide Inc., an electronics manufacturer, merges with Crimp Corp., a food manufacturing brand, to make the firms less vulnerable to adverse conditions in any single market. This scenario is an example of a(n) _____.

Question

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A conglomerate merger involves the merger of companies that operate in different industries. In this scenario, Hot and Black Tide Inc. and Crimp Corp. belong to different industries of electronics and food respectively. The objective of such a merger is to make the firms less vulnerable to adverse conditions in any single market.