A collective noun is a type of noun that refers to a group or a collection of things or individuals. When talking about corporation as a collective noun, it refers to a group or assembly of individual companies or corporations.
Here are some examples of collective nouns with the word "corporation":
1. Conglomerate: This term refers to a large corporation made up of several smaller companies operating in different industries or sectors. These conglomerates often have subsidiaries and have a diversified portfolio of business interests.
Example: The multi-billion dollar conglomerate acquired various subsidiaries across industries, establishing itself as a global powerhouse.
2. Consortium: A consortium comprises multiple corporations that join together to work on a specific project, often pooling their resources, expertise, and knowledge to achieve a common objective.
Example: The pharmaceutical consortium united several leading corporations in the field to collaborate on groundbreaking research and development of lifesaving medicines.
3. Holding Company: Also known as a parent company, a holding company is a corporation that owns the majority of shares or stocks of other corporations, allowing it to control those entities' operations, decisions, and assets.
Example: The holding company strategically controls a diverse group of corporations, ranging from media, energy, and telecommunication, ensuring maximum profitability and market dominance.
4. Cooperative: A cooperative, also called a co-op, highlights a collective of individuals or corporations who voluntarily come together to collectively achieve common goals, usually based on mutual benefits.
Example: The farmer's cooperative corporation was formed to improve the bargaining power of local agricultural producers and promote fair trade practices in the region.
5. Union: While typically associated with organized labor, the term union can also be used to refer to a collective corporation made up of individual companies or firms bound together for a particular commercial purpose, be it trade, investment, or economic cooperation.
Example: The manufacturing union corporation negotiated with multiple industry enterprises to increase efficiency, decrease costs, and strengthen market competitiveness.
These examples illustrate how the word "corporation" acts as a collective noun, representing a variety of groups or factions involving multiple commercial entities, united under a common purpose or structure.
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