Difference between Corporation & Conglomerate

May 19th, 2015
Studypool Tutor
University of South Dakota
Price: $25 USD

Tutor description

A legal body having a business structure such that it exists independently of its owners is called Corporation. The owners of the Corporation exist in form of shareholders in stock market and they are not responsible for paying any corporate debts. Stakeholders of the corporations can choose a Board of Directors by voting.

Word Count: 595
Showing Page: 1/4
Role of Corporations in the Modern WorldDifference between Corporation & Conglomerate1- CorporationA legal body having a business structure such that it exists independently of its owners is called Corporation. The owners of the Corporation exist in form of shareholders in stock market and they are not responsible for paying any corporate debts. Stakeholders of the corporations can choose a Board of Directors by voting [Arlette Measures (2014)]. 2- ConglomerateA conglomerate is a type of corporation which endures two or more smaller corporations within itself. Different smaller corporate business combine together to form a conglomerate. When a corporation buys more than fifty percent shares of another corporation from stock market, it becomes Parent Corporation of that corporation. The smaller business being bought by larger business is called subsidiary of the parent corporation. Subsidiary corporations work independently of each others functionality, products and services. Subsidiary companies report for their functionalities to their parent corporation [Amber Keefer (2014)]. Media Conglomerate in USAMass media is like movies, music and cable operations are controlle

Review from student

Studypool Student
" Outstanding Job!!!! "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1830 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors