A conglomerate is a large company that owns and operates multiple businesses across different industries. This means that instead of focusing on just one type of product or service, a conglomerate diversifies its investments to reduce risk and increase stability. For example, a conglomerate might own companies in sectors like technology, food and beverage, and healthcare. By spreading its resources across various markets, a conglomerate can better withstand economic fluctuations. If one industry faces challenges, the other businesses can help support the overall financial health of the company. This strategy allows conglomerates to capitalize on different growth opportunities while minimizing potential losses.