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Conglomerates and franchises are alike in that both involve the expansion of business operations and the diversification of offerings. However, they differ significantly in structure; conglomerates are large corporations that own multiple unrelated businesses across various industries, while franchises consist of a network of independent operators using the brand and business model of a parent company. Conglomerates typically manage their subsidiaries directly, whereas franchises operate under a licensing agreement, allowing individual franchisees to run their businesses with some autonomy.

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1mo ago

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