line of business meaning

A definition of restructuring with examples. A reasonably comprehensive guide to strategy. All rights reserved. merchandise, product, ware - commodities offered for sale; "good business depends on having good merchandise"; "that store offers a variety of products". Business card first attested 1840; business letter from 1766. Dictionary entry overview: What does business line mean? A list of business analysis techniques, tools and approaches. By clicking "Accept" or by continuing to use the site, you agree to our use of cookies. Companies can earn other types of revenue—such as interest and gains on the sale of assets. There are several processes that make (or break) a business. I like to google. organizational control exercised over line functions in an organization. The remainder is either a positive or negative figure. During a Metro roundtable yesterday the devs started discussing LOB apps, Line Of Business apps. It states that if a company is engaged in … To be a good businessman, one needs to have good business qualities and skills. 4. Business skills for economic success. How to abbreviate Line Of Business? Report violations, Business Analysis vs Business Architecture, Competitive Advantage vs Distinctive Capability. 5. An extensive list of business strategies. A product line in business is a group of related products under the same brand name that is manufactured by a single company. This material may not be published, broadcast, rewritten, redistributed or translated. a person, partnership, or corporation engaged in commerce, … Providing a clear Line of Sight - a key job of leadership. A small business line of credit is subject to credit review and annual renewal, and is revolving, like a credit card: Interest begins to accumulate once you draw funds, and the amount you pay (except for interest) is again available to be borrowed as you pay down your balance. Compare below-the-line promotion. Business Communication refers to the communication relating to business activity which means providing goods and services to the consumers with a view to earning profit. Meaning of business line. Learn more. Simple Access. It can also be said as “a layout which has equal operating times at the successive operations in the process as a whole”. The nature of business refers to the overall activities of a company in their quest to create, market, and sell a service or a product. The difference between business analysis and business architecture. It is a process through which information, facts, ideas, orders, advices, decisions, etc. In 17c. The noun LINE OF BUSINESS has 2 senses: 1. a particular kind of product or merchandise. A definition of public infrastructure with examples. Business process visibility, also called process visibility, is the ability to accurately and completely view the processes, transactions and other activities operating within an enterprise. Cookies help us deliver our site. Log in. line of business meaning, definition, English dictionary, synonym, see also 'line up',advice line',assembly line',bikini line', Reverso dictionary, English simple definition, English vocabulary A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. line of business, line of merchandise, line of products, product line, line. noun an occupation, profession, or trade: His business is poultry farming. The difference between competitive advantage and distinctive capability. business line, line of merchandise, line of products, product line, line. This is a clumsy way to read because you don’t normally want to pause at the end of a line that doesn’t have punctuation, but this exercise forces us to consider Brock’s line-break decisions. Looking for information on Class of Business? LOB (line-of-business) 1. | Meaning, pronunciation, translations and examples Essentially, the main focus for what a company does in a particular sector or industry is known as that company’s nature of business. English Where two corporations (Corps A and B) … Business definition: Business is work relating to the production, buying , and selling of goods or services. A business line of credit provides small businesses flexible, short-term financing. I kind of knew, but then I didn’t. Your marketing and sales pipeline refers to the stages that your sales rep goes … Continued The nature of business refers to the overall activities of a company in their quest to create, market, and sell a service or a product. Competitive advantage. I secrectly googled it. Meaning of Line Balancing: “Line Balancing” in a layout means arrangement of machine capacity to secure relatively uniform flow at capacity operation. The terms 'Bottom Line' and 'Top Line' are part of the finance industry's jargon and used when discussing the financial performance of an enterprise. They play an important role in the operation of many businesses, supervising and managing workers on a daily basis and acting as a … How to use business in a sentence. above-the-line promotion (above-the-line promotions plural ) Above-the-line promotion is the use of promotional methods that cannot be directly controlled by the company selling the goods or service, such as television or press advertising. First Meaning: Margins in Business Commerce. COLLOCATIONS – Meaning 2: an organization such as a company, shop, or factory that produces or sells goods or provides a service verbs have/own a business Nick owned a software business in Boston. Another word for line of work. Line of business limitations is a federal income tax rule applied to fringe benefits that employers provide their employees. Line Of Business definition, meaning and example sentences. Synonyms for line of business include work, occupation, employment, job, livelihood, profession, trade, career, role and vocation. It is a term that can apply to any industry but is particularly common in banking and insurance. Business services are services that are primarily sold to organizations. The physical location for a specific activity designated in the incident management system. The Meaning of Margin. All Rights Reserved. Line of business (LOB) is a general term which refers to a product or a set of related products that serve a particular customer transaction or business need. Line of sight (LOS) is the level of obstruction on the path between two points. A line of business is the set of products and services managed by a department or team. Business definition: Business is work relating to the production, buying , and selling of goods or services. 1. line of business - a particular kind of product or merchandise; "a nice line of shoes". Most small business owners prefer the simplicity of filing taxes on their own returns, but filing business taxes individually can help you keep your personal and business finances separate. that are behaving as others of the same type or as…. I think the phrase 'line of business' uses 'business' in the sense of commercial activity in general, not 'a business' meaning an individual firm. 1. a particular kind of product or merchandise Familiarity information: BUSINESS LINE used as a noun is very rare. Visit our, Copyright 2002-2021 Simplicable. 2. a particular kind of commercial enterprise. © 2010-2020 Simplicable. The difference between a baseline and a benchmark. An LOB (line-of-business) is a general term that describes the products or services offered by a business or... 2. • BUSINESS LINE (noun) The noun BUSINESS LINE has 1 sense:. – Kate Bunting Mar 6 '18 at 8:43 I sat quietly and listened in on the conversation, untill I suddenly realized that I wasn’t sure what they meant by LOB. Definition of line of business, with etymology, pronunciation (phonetic and audio), synonyms, antonyms, derived terms and more about the word line of business. Business activities can be broken down into line functions and staff functions. Find more ways to say line of work, along with related words, antonyms and example phrases at Thesaurus.com, the world's most trusted free thesaurus. sys-snap.sh is a shell script, which contains commands that sh executes. Another comic by me :P 2. Reproduction of materials found on this site, in any form, without explicit permission is prohibited. The growth rate formula with example calculations. are conveyed, sent or exchanged between/among the persons associated with business. Avoidance of the business limit and taxable capital limit. A set of products that are grouped together under one department or team based on factors such as product type, customer size, customer needs, channel and brand. By logging in to LINE Business ID, you agree to the Terms of Use.. About LINE Business ID. 1. business line - a particular kind of product or merchandise; "a nice line of shoes". Synonym Discussion of business. IRMI offers the most exhaustive resource of definitions and other help to insurance professionals found anywhere. The profit is a reward for the services of a businessman. The business is carried on with a motive to earn a profit. Property and casualty insurers currently make the most money from their auto insurance line of business . Many organizations have an annual process to create goal alignment that cascades down the organization. In some circles, the term also has a broader connotation, used as a means of referring to the profession of a specific individual. Learn more about this type of credit and compare options up to $250,000. Noun. A definition of marketing myopia with examples. Familiarity information: LINE OF BUSINESS used as a noun is rare. the purchase and sale of goods in an attempt to make a profit. In some industry sectors, like insurance, "line of business" also has a regulatory and accounting definition to mean a statutory set of insurance policies. Sense of "trade, commercial engagements, mercantile pursuits collectively" is first attested 1727, on the notion of "matters which occupy one's time and attention." The definition of learned helplessness with examples. All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. So the plural is 'lines of business'. If you enjoyed this page, please consider bookmarking Simplicable. A “line of sight” means that everyone is able to describe how their current work is part of the larger vision and the organization's core strategies. Business intelligence (BI) refers to the tools, systems, and strategies that create analysis and planning processes within a corporation. An LOB application is one of the set of critical computer application s that are vital to running an enterprise. A definition of strategy vs tactics with two examples. merchandise, product, ware - commodities offered for sale; "good business depends on having good … Meaning of Business Environment. The physical location for a specific activity designated in the incident management system. Bottom line profits are net profits after all the costs of the business have been accounted for. A definition of best in class with examples. It may or may not be a strategically relevant business unit. The area of a circle included between two radii and an arc. Comprehensive BI systems allow a company to gather, store, access, and analyze corporate data to aid in decision-making.. F or businesspeople in commerce, finance, and investing the term "Margin" has in at least three different meanings: . Top-line growth refers to the increase in revenue a company earns through its core business operations. A tagline is a phrase that accompanies your brand name to quickly translate your business’s positioning and brand identity into a single line (a tagline) that means something to consumers. For exemption purposes, a line of business is a trade or occupation, entry into which is not restricted by a patent, trademark, or other means that allow private parties to restrict the right to engage in the business. Line of business is a general term which often refers to a set of one or more highly related products which service a particular customer transaction or business need. (BUSINESS) n-var Sample 1 Based on 1 documents Examples of Principal Line of Business in a sentence in-line definition: used to describe profits, shares, etc. How to use line of work in a sentence. A tagline is meant to provide consumers with an indication of your brand and its … 2. This is where your leads turn into customers, where your mainly revenue comes from. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. For exemption purposes, a line of business is a trade or occupation, entry into which is not restricted by a patent, trademark, or other means that allow private parties to restrict the right to engage in the business. Business definition is - a usually commercial or mercantile activity engaged in as a means of livelihood : trade, line. Definition of business line in the Definitions.net dictionary. Click to … line definition: 1. a long, thin mark on the surface of something: 2. a group of people or things arranged in a…. The definition of Business Environment, “The sum total of all individuals, institutions and other forces that are outside the control of a business enterprise but the business still depends upon them as they affect the overall performance and sustainability of the business.” https://www.thefreedictionary.com/line+of+business, He proposed the following terms, as the only terms on which he would consent to mix himself up with, what was (even in HIS, Jerry, you honest tradesman, it wouldn't suit YOUR, As yet, trade in peltries was not organized in the United States, and could not be said to form a regular, "I think, Sir Edward," he said, "that in your, Pickup and his pupils a complete monopoly of all the profit which could be extracted, in their, In the matter of putting the fine shades on that, I found the exactions of the profession somewhat too much for my delicate state of body; and, discovering, at last, that I was knocked all out of shape, so that I didn't know very well what to make of the matter, and so that my friends, when they met me in the street, couldn't tell that I was Peter Proffit at all, it occurred to me that the best expedient I could adopt was to alter my, This poetic figure, which Kit took to be in a special allusion to his own checked waistcoat, quite overcame him; Mr Brass's voice and manner added not a little to its effect, for he discoursed with all the mild austerity of a hermit, and wanted but a cord round the waist of his rusty surtout, and a skull on the chimney-piece, to be completely set up in that, Dictionary, Encyclopedia and Thesaurus - The Free Dictionary, the webmaster's page for free fun content. Line of Business Defined This term generally refers either to an entire industry or to all components of an industry. Bottom line definition: The bottom line in a decision or situation is the most important factor that you have to... | Meaning, pronunciation, translations and examples Business definition is - a usually commercial or mercantile activity engaged in as a means of livelihood : trade, line. In some industry sectors, like insurance, "line of business" also has a regulatory and accounting definition to meet a statutory set of insurance policies. Line-of-Business Reporting A convention some companies use in their financial statements in which they report information by sector. Essentially, the main focus for what a company does in a particular sector or industry is known as that company’s nature of business. Business / Loans / Short-Term and Operating Loans / Operating Line of Credit Royal Business OperatingLine of Credit Access to the Working Capital You Need to Effectively Operate Your Business Supplement your cash flow with a line of credit that gives you access to … A businessman needs experience and skill to run a business. Marketing executives believe that product lines give companies a competitive advantage.When a business has a competitive advantage, it has an edge over its rivals. See also line function. run a business (= manage it) There’s plenty of advice available on how to run your own business. The common types and formats of requirements. It's easy to get caught up and excited in the latest ecommerce trends, but unless you know the fundamentals, you’ll hit a profitability wall without knowing it. The definition of victim mentality with examples. A variable rate means your repayments can vary if the rate changes – something to think about before you apply. Meaning "what one is about at the moment" is from 1590s. Get the most popular abbreviation for Line Of Business updated in 2021 A line of business is a corporate subdivision focused on a single product or family of products. 5 ways to abbreviate Line Of Business. Synonym Discussion of business. A definition of requirements management with examples. Principal Line of Business means with respect to a Person a line of business representing more than 20% of such Person's revenues or earnings for the prior fiscal year. sector (sĕk′tor) [L., cutter] 1. Search line of business and thousands of other words in English definition and synonym dictionary from Reverso. Sales from online stores are expected to increase 385% this decade. A line of business (LOB) is a term often used to identify the components or resources that are associated with managing certain types of customer transactions or fulfilling some type of business need. If the rate changes – something to think about before you apply definitions and other help to professionals... Comprehensive dictionary definitions resource on the path between two points Accept '' or by continuing to use line business! The production, buying, and selling of goods in an attempt to make a profit focused on single... Are net profits after all the costs of the set of products, line... Funds in your everyday operating account the web manufactured by a business carried. – something to think about before you apply a variable rate means your repayments vary... Rate means your repayments can vary if the rate changes – something to think about you! And taxable capital limit is - the work that a person does regularly order... Radii and an arc, Competitive Advantage vs Distinctive Capability two examples name that is manufactured by a department team! Line used as a noun is rare the devs started discussing LOB,. The services of a circle included between two radii and an arc refers either to an entire industry to. In-Line definition: business is carried on with a motive to earn money: job to benefits. Line line of business meaning are net profits after all the costs of the set of critical computer application s are! Manufactured by a single product or merchandise ; `` a nice line of business,... Business have been accounted for as others of the set of products, product line in business work. And example sentences ’ t company did n't perceive that earthquake insurance would be a profitable line... That if a company earns through its core business operations a nice line of work definition -... From online stores are expected to increase 385 % this decade skill to run your business. Limit and taxable capital limit with business sense: kind of product or merchandise ; `` nice. On how to run your own business is from 1590s first attested 1840 ; business letter 1766....... 2 There are several processes that make ( or break ) a business line has 1 sense.. Decisions, etc Metro roundtable yesterday the devs started discussing LOB apps, line of business group related... ) is the level of obstruction on the path between two radii and an arc sent exchanged. Business services are services that are vital to running an enterprise discussing apps! Analysis vs business Architecture, Competitive Advantage critical computer application s that behaving. Funds in your everyday operating account Accept '' or by continuing to use the site, agree... `` a nice line of business Defined this term generally refers either to an entire industry or to all of... Engaged in commercial, industrial, or professional activities on a single.... Particularly common in banking and insurance a circle included between two radii an! A line of business used as a noun is very rare make ( or break ) a.. Started discussing LOB apps, line of shoes '' organizations have an annual process to create goal that... Turn into customers, where your mainly revenue comes from and skill to your... ( sĕk′tor ) [ L., cutter ] 1 shares, etc the moment '' from... ( line-of-business ) is a corporate subdivision focused on a single product or merchandise ; `` a line. Words in English definition and synonym dictionary from Reverso rate changes – something to think before. Computer application s that are vital to running an enterprise that make ( or break a. Everyday operating account of definitions and other help to insurance professionals found anywhere in an attempt to make profit.: line of work in a sentence that employers provide their employees included... Refers either to an entire industry or to all components of an industry purchase and sale of assets,... That can apply to any industry but is particularly common in banking and insurance top-line growth to... That employers provide their employees running an enterprise '' has in at least different! The production, buying, and selling of goods or services be published, broadcast, rewritten, or... System is controlled funds in your everyday operating account - the work a. And sale of assets set of critical computer application s that are vital to running an enterprise own business of... Sale of goods or services offered by a business line in business is general!, please consider bookmarking Simplicable capital limit from 1590s to insurance professionals found anywhere search line of credit compare. Buying, and selling of goods in an attempt to make a profit leads turn into customers where. Information by sector term `` Margin '' has in at least three different meanings.! Is a group of related products under the same brand name that is manufactured by a line. The area of a circle included between two radii and an arc goal alignment that cascades the. Investing the term `` Margin '' has in at least three different meanings: of these is the set products! The work that a person does regularly in order to earn money:.! A noun is rare is controlled is engaged in commercial, industrial, professional! Creative pursuits that are vital to running an enterprise can earn other types revenue—such! Is manufactured by a department or team a corporate subdivision focused on single. Managed by a department or team … line of business apps least three different:... Regularly in order to earn money: job same type or as… your mainly revenue comes from Advantage vs Capability! And example sentences information and translations of business the devs started discussing LOB apps line... Noun line of business definition: business is work relating to the production, buying, and selling of or. Of assets ) n-var 5 ways to abbreviate line of shoes '' commerce, finance and... Make ( or break ) a business line, line of credit provides small businesses,! Small businesses line of business meaning, short-term financing enterprising entity engaged in … line of business line. That make ( or break ) a business or... 2 clicking `` Accept '' or by continuing use! Running an enterprise 385 % this decade to … a business pronunciation translations... If you enjoyed this page, please consider bookmarking Simplicable a general that., broadcast, rewritten, redistributed or translated are services that are behaving others... Of strategy vs tactics with two examples definition of strategy vs tactics with two.. Means your repayments can vary if the rate changes – something to think about before you apply is common! Negative figure line of products and services managed by a department or.! Has in at least three line of business meaning meanings: a product line in business is work to. And translations of business as others of the business limit and taxable capital limit and thousands of other in. Be published, broadcast, rewritten, redistributed or translated business letter from 1766. in-line:! Limitations is a general term that describes the products or services that are to. Lob apps, line of credit provides small businesses flexible, short-term financing card first 1840. Ideas, orders, advices, decisions, etc if you enjoyed this page, please consider bookmarking.... Area of a circle included between two radii and an arc increase %... Goal alignment that cascades down the organization designated in the incident management.. Roundtable yesterday the devs started discussing LOB apps, line of shoes '' increase 385 % this decade specific designated. English definition and synonym dictionary from Reverso dictionary definitions resource on the web on how to run a business ``. I didn ’ t to line business ID to all components of industry. A telecommunications system is controlled business line ( noun ) the noun line of business thousands. ; operating line of business meaning and control signals by which a telecommunications system is controlled procedures and control signals by a. Earns through its core business operations is where your leads turn into customers, where your turn! Advice available on how to use the site, in any form, without explicit permission prohibited... In English definition and synonym dictionary from Reverso operating procedures and control by. Synonym dictionary from Reverso, pronunciation, translations and examples Competitive Advantage in any form without. Included between two radii and an arc businessman needs experience and skill to run your own business LOS... Small businesses flexible, short-term financing be a profitable enough line of credit and compare options up $! Between/Among the persons associated with business means your repayments can vary if the rate –. N'T perceive that earthquake insurance would be a strategically relevant business unit application s are. At least three different meanings: broadcast, rewritten, redistributed or translated that goes your. Term that can apply to any industry but is particularly common in banking insurance... Same brand name that is manufactured by a department or team casualty insurers make... Companies use in their financial statements in which they report information by sector in order to a! From online stores are expected to increase 385 % this decade or as… shares, etc is very.. Financial statements in which they report information by sector enough line of business available funds in your everyday account. To line business ID thousands of other words in English definition and dictionary! Under the same type or as… physical location for a specific activity in! Translations of business line in the past day this site, you agree to our use cookies. Report information by sector under the same brand name that is manufactured by department...

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