what is a multinational conglomerate 
a multinational conglomerate is a company that owns other companies or businesses in at least one country other than its own the one where it s headquartered though similar to a multinational corporation mnc it s not quite the same as an mnc could simply be a firm with subsidiaries operations or other holdings in foreign nations as opposed to separate companies the bottom linea conglomerate is a corporation composed of several different independent businesses one company owns a controlling stake in several smaller companies all of which conduct business separately and independently 