PepsiCo, which includes Pepsi-Cola, Frito-Lay, Gatorade, Tropicana, and Quaker, is an example of a __________.A.monopolyB.business owned by a single personC.conglomerateD.government-owned business
Question
PepsiCo, which includes Pepsi-Cola, Frito-Lay, Gatorade, Tropicana, and Quaker, is an example of a __________.A.monopolyB.business owned by a single personC.conglomerateD.government-owned business
Solution
PepsiCo, which includes Pepsi-Cola, Frito-Lay, Gatorade, Tropicana, and Quaker, is an example of a conglomerate.
Here's why:
A. Monopoly - This is not correct because a monopoly is a company that has exclusive control over a good or service in a particular market. Not all beverages or snack foods are made by PepsiCo.
B. Business owned by a single person - This is not correct because PepsiCo is a publicly traded company, not a sole proprietorship.
C. Conglomerate - This is correct. A conglomerate is a corporation made up of several different, seemingly unrelated businesses. In the case of PepsiCo, those businesses are in the food and beverage industry.
D. Government-owned business - This is not correct because PepsiCo is not owned by a government. It is a publicly traded company.
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