A conglomerate is a large corporation that consists of multiple diverse businesses or subsidiaries operating in different industries. This structure allows the parent company to spread its risks and capitalize on various market opportunities. For example, a conglomerate might own companies in sectors like technology, healthcare, and consumer goods. Conglomerates often achieve growth through mergers and acquisitions, allowing them to expand their reach and resources. By diversifying their operations, they can stabilize their revenue streams, as downturns in one industry may be offset by gains in another. This strategy can enhance overall financial stability and shareholder value.