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WordNet-Online
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Definitions from the WebGroup CompaniesGroup companies refer to a collection of businesses that are owned or controlled by the same parent company. These companies typically work together and collaborate on various projects, sharing resources and expertise. Sense 1: Corporate StructureIn this sense, group companies consist of multiple subsidiaries or divisions operating under a common parent company. The parent company often provides strategic direction, financial support, and governance to its subsidiaries. Example sentence: The group company, XYZ Inc., operates multiple subsidiaries in different sectors such as technology, finance, and retail. Sense 2: Collaborative EndeavorsIn this sense, group companies come together to undertake joint ventures or collaborative projects, leveraging each other's strengths and resources for mutual benefit. Example sentence: The group companies joined forces to develop a new innovative product that combines their expertise in technology and design. Sense 3: Local AssociationsIn some contexts, group companies can refer to a network of smaller businesses or organizations operating in the same local area or industry, often with shared interests or goals. Example sentence: The group companies in the entertainment district collaborated on hosting a local music festival to attract visitors. | ||||
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