line, product line, line of products, line of merchandise, business line, line of business(noun)
a particular kind of product or merchandise
"a nice line of shoes"
field, field of operation, line of business(noun)
a particular kind of commercial enterprise
"they are outstanding in their field"
Line of 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. In some industry sectors, like insurance, "line of business" also has a regulatory and accounting definition to mean a statutory set of insurance policies. It may or may not be a strategically relevant business unit. "Line of business" often refers to an internal corporate business unit, whereas the term "industry" refers to an external view that includes all competitors competing in a similar market. A line of business will often examine its position within an industry using a Porter five forces analysis or other industry-analysis method and other relevant industry information.
The numerical value of line of business in Chaldean Numerology is: 3
The numerical value of line of business in Pythagorean Numerology is: 7
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"line of business." Definitions.net. STANDS4 LLC, 2018. Web. 16 Nov. 2018. <https://www.definitions.net/definition/line+of+business>.