Conglomerate diversification is diversifying into an industry unrelated to its current one.

Name: Conglomerate diversification is diversifying into an industry unrelated to its current one.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Conglomerate diversification refers to expanding into a completely different industry or business, which is not related to the current industry of the company. This type of diversification involves investing in different market segments or product lines, often through acquisitions or mergers.

Conglomerate Diversification Is Diversifying into an Industry Unrelated to Its