Take context from the input text and decide on the accurate relationship between 'General Electric' and 'conglomerate' from the options provided.
Options: industry, location of formation, member of, 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