General Electric, Siemens, United Technologies, Hutchison Whampoa, Honeywell International and ABB rank among the biggest and most powerful conglomerates in the world. A conglomerate is a large corporation that owns companies in different industry sectors.Know More
The main corporation is the parent company, and the various enterprises underneath are known as subsidiary companies. Conglomerates gained popularity in the 1960s when companies began diversifying their business models through leveraged buyouts, mergers and acquisitions. The focus of successful conglomerates is on market, geographic and product diversification.
A benefit of the conglomerate model is the diversification of risks across different companies to reduce the impact of major financial setbacks. If a single subsidiary experiences economic problems, it does not trouble the entire corporation.Learn more in Industries
It is difficult to say exactly how many hospitals exist in the world, as hospitals can either close or merge with other hospitals at any time. As of 2014, the countries that have the largest number of hospitals are China, India, Vietnam, Nigeria, Russia, Japan, Egypt, South Korea, Brazil and the United States. As of 2014, China alone has around 69,000 hospitals, according to Maps of the World.Full Answer >
Examples of industries, that are observed by global business standards, include energy, transportation, insurance and real estate. Depending on the method of classification being observed, industry groups can be further grouped into sectors and, in the case of the Global Industry Classification Standard, have a subcode assigned to them for data and tracking purposes.Full Answer >
Examples of sole traders include butchers, small retailers, photographers, beauticians, hairdressers, plumbers, grocers and builders. A sole trader business is a type of business that is owned and operated by one person, though he may have employees.Full Answer >
Examples of job titles requiring skilled workers include administrative assistant, sales representative, customer service representative, tailor, nurse, office clerk, teacher, fast-food cook, travel agent and mortgage processor, according to Nolo. Some jobs are considered semi-skilled, such as the cashiers of grocery stores, self-service gas stations and change booths.Full Answer >