The correct answer is; The Conglomerate Seagrams.
Further Explanation:
Seagrams is an company who produces and primarily sells alcoholic beverages. This company once bought the movie studio Universal who produced film, television, and music. Seagrams sold the company later and was once the largest alcoholic line in the world.
Seagrams is part of a conglomerate. This is when a large company will purchase other businesses that do not have any relations to the main company such as Seagrams and Universal. This type of business practice started growing bigger in the 1990's.
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A company that manufactures alcoholic beverages bought and then sold two smaller companies that produce film, television, and music is known as a : Conglomerate Seagrams.
Conglomerate in business refers to combination of different business activities. They often diversify business risk by participating in a number of different markets hence owning several companies.
Seagrams as a company produces and sells basically alcoholic beverages. They once took over studio Universal who mainly produce film, television, and music, before it was later sold.
Hence, conglomerate seagrams is a company that manufactures alcoholic beverages bought and then sold two smaller companies that produce film, television, and music.
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