Utilize the input text as a context reference, choose the right relationship between 'General Electric' and 'conglomerate' from the options.
Options: member of, location of formation, industry, brand

** U.S. conglomerate General Electric has offered concessions in an attempt to counter EU regulatory concerns about its 12.4-billion-euro ($13.49 billion) bid for French peer Alstom's power unit, its biggest ever acquisition.
industry