Also means
conglomerate
Usage Note
Konzern denotes a large corporate group with multiple companies, bigger than a single Firma or Unternehmen. It's masculine (der Konzern), plural Konzerne. A multinational is an internationaler Konzern.
Examples
"Der Konzern hat viele Mitarbeiter."
Natural Translation
The corporation has many employees.
Literal Translation
The corporation has many employees.

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