In business, consolidation occurs when two or more businesses combine to form one new entity, with the expectation of increasing market share and profitability and the benefit of combining talent, industry expertise, or technology.Also referred to as amalgamation, consolidation can result in the creation of an entirely new business entity or a subsidiary of a larger firm.Consolidation involves taking multiple accounts or businesses and combining the information into a single point.In financial accounting, consolidated financial statements provide a comprehensive view of the financial position of both the parent company and its subsidiaries, rather than one company's stand-alone position.
which means "to combine into one body." Whatever the context, to consolidate involves bringing together some larger amount of items into a single, smaller number.
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Often, debt consolidation achieves more manageable monthly payments and may result in a lower overall interest rate.
For instance, it may wrap a high-interest credit card payment into a more reasonable home equity line of credit.
This approach may combine competing firms into one cooperative business. moved to sell the pharmacy portion of its business to CVS Health, a major drugstore chain.