Definition of a conglomerate company =
A large company that owns numerous other companies in different industries
Definition of an independent company = small production company that does not have any subsidiary products
An example of a conglomerate - an example of a successful conglomerate is general electrical, popularly known as GE general electrical, formed by thomas edison in 1890, began as a lighting business and has since transformed into a conglomerate that is more synonymous with 'general' than 'electric'
An example of an independent business - An independent business could be something such as a clothing line run by one person
What are the pros and cons of a conglomerate -