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 noun LINE OF BUSINESS has 2 senses: 1. a particular kind of product or merchandise. business also could mean "sexual intercourse." A definition of restructuring with examples. See also line function. All Rights Reserved. The growth rate formula with example calculations. 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. It may or may not be a strategically relevant business unit. All rights reserved. line of business, line of merchandise, line of products, product line, line. Get the most popular abbreviation for Line Of Business updated in 2021 Avoidance of the business limit and taxable capital limit. If you enjoyed this page, please consider bookmarking Simplicable. In some industry sectors, like insurance, "line of business" also has a regulatory and accounting definition to mean a statutory set of insurance policies. Click to … sector (sĕk′tor) [L., cutter] 1. 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. F or businesspeople in commerce, finance, and investing the term "Margin" has in at least three different meanings: . The credit line is then automatically paid down with available funds in your everyday operating account. I kind of knew, but then I didn’t. 2. Providing a clear Line of Sight - a key job of leadership. Sense of "trade, commercial engagements, mercantile pursuits collectively" is first attested 1727, on the notion of "matters which occupy one's time and attention." An LOB application is one of the set of critical computer application s that are vital to running an enterprise. 2. By clicking "Accept" or by continuing to use the site, you agree to our use of cookies. Meaning of business line. Meaning "what one is about at the moment" is from 1590s. Bottom line profits are net profits after all the costs of the business have been accounted for. (BUSINESS) n-var Competitive advantage. A definition of requirements management with examples. An extensive list of business strategies. Line managers oversee other employees and the operations of a business while reporting to a higher-ranking manager. They play an important role in the operation of many businesses, supervising and managing workers on a daily basis and acting as a … Familiarity information: LINE OF BUSINESS used as a noun is rare. It is a process through which information, facts, ideas, orders, advices, decisions, etc. Log in. Meaning of Business Environment. In some circles, the term also has a broader connotation, used as a means of referring to the profession of a specific individual. Information and translations of business line in the most comprehensive dictionary definitions resource on the web. The area of a circle included between two radii and an arc. a person, partnership, or corporation engaged in commerce, … A line of business is a corporate subdivision focused on a single product or family of products. Another comic by me :P a particular kind of product or merchandise; a particular kind of commercial enterprise; 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. An LOB (line-of-business) is a general term that describes the products or services offered by a business or... 2. A definition of marketing myopia with examples. The definition of victim mentality with examples. A line of business is a general classification of business used by the insurance industry, such as fire, commercial, personal, auto, or residence . Synonyms for line of business include work, occupation, employment, job, livelihood, profession, trade, career, role and vocation. The physical location for a specific activity designated in the incident management system. A booming ecommerce business takes intuition, knowledge of your market, This is where your leads turn into customers, where your mainly revenue comes from. The common types of requirements elicitation. Google is my best friend. Where two corporations (Corps A and B) … 1. a particular kind of product or merchandise Familiarity information: BUSINESS LINE used as a noun is very rare. Noun. Synonym Discussion of business. Report violations, Business Analysis vs Business Architecture, Competitive Advantage vs Distinctive Capability. There are several processes that make (or break) a business. Business services are services that are primarily sold to organizations. To be a good businessman, one needs to have good business qualities and skills. organizational control exercised over line functions in an organization. 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. IRMI offers the most exhaustive resource of definitions and other help to insurance professionals found anywhere. 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. The definition of learned helplessness with examples. A line of business is the set of products and services managed by a department or team. How to use business in a sentence. A variable rate means your repayments can vary if the rate changes – something to think about before you apply. Definition of line of business, with etymology, pronunciation (phonetic and audio), synonyms, antonyms, derived terms and more about the word line of business. Learn more. A definition of strategy vs tactics with two examples. 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. © 2010-2020 Simplicable. First Meaning: Margins in Business Commerce. Ecommerce business models of all types are thriving. – Kate Bunting Mar 6 '18 at 8:43 Definition of business line in the Definitions.net dictionary. Access additional funds for your business deposit account at any time – through ATMs, Online Banking for Business and through the RBC Mobile 1 App or in branch. In 17c. A definition of public infrastructure with examples. Line of business limitations is a federal income tax rule applied to fringe benefits that employers provide their employees. Learn more about this type of credit and compare options up to $250,000. 4. Business skills for economic success. Cookies help us deliver our site. A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. sector (sĕk′tor) [L., cutter] 1. 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. merchandise, product, ware - commodities offered for sale; "good business depends on having good merchandise"; "that store offers a variety of products". merchandise, product, ware - commodities offered for sale; "good business depends on having good … Companies can earn other types of revenue—such as interest and gains on the sale of assets. 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 common types and formats of requirements. All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. Synonym Discussion of business. Compare below-the-line promotion. For example, a single publicly-traded company that engages in agriculture, mining, and manufacturing may report revenue, sales, and profits/losses for each field individually. 1. line of business - a particular kind of product or merchandise; "a nice line of shoes". Line of work definition is - the work that a person does regularly in order to earn money : job. sys-snap.sh is a shell script, which contains commands that sh executes. LOB (line-of-business) 1. 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. The business is carried on with a motive to earn a profit. 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 … Business activities can be broken down into line functions and staff functions. Simple Access. 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.” Dictionary entry overview: What does business line mean? The difference between business analysis and business architecture. Comprehensive BI systems allow a company to gather, store, access, and analyze corporate data to aid in decision-making.. I sat quietly and listened in on the conversation, untill I suddenly realized that I wasn’t sure what they meant by LOB. Anyone cannot run a business. This material may not be published, broadcast, rewritten, redistributed or translated. A list of professions and creative pursuits that are considered art. The physical location for a specific activity designated in the incident management system. An overview of a common business strategy. Business intelligence (BI) refers to the tools, systems, and strategies that create analysis and planning processes within a corporation. 2. a particular kind of commercial enterprise. Learn more. The profit is a reward for the services of a businessman. 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. A businessman needs experience and skill to run a business. It states that if a company is engaged in … 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. A definition of best in class with examples. A business line of credit provides small businesses flexible, short-term financing. Meaning of Line Balancing: “Line Balancing” in a layout means arrangement of machine capacity to secure relatively uniform flow at capacity operation. A list of business analysis techniques, tools and approaches. Line of credit loans tend to have a variable rate, whereas fixed-term loans give you the option of fixing the rate for more predictable repayments and loan cost. How to use business in a sentence. Line-of-Business Reporting A convention some companies use in their financial statements in which they report information by sector. 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. Business card first attested 1840; business letter from 1766. 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. As a general term in business and commerce, margin refers to the difference between selling price and the seller's costs for the goods or services on sale, expressed as a percentage of selling price. It can also be said as “a layout which has equal operating times at the successive operations in the process as a whole”. I think the phrase 'line of business' uses 'business' in the sense of commercial activity in general, not 'a business' meaning an individual firm. What does business line mean? English Your marketing and sales pipeline refers to the stages that your sales rep goes … Continued in-line definition: used to describe profits, shares, etc. 5. 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. Found on this site, you agree to the increase in revenue company. Shares, etc definitions and other help to insurance professionals found anywhere the level of obstruction on web. Learn more about this type of credit provides small businesses flexible, short-term financing line-of-business ) is a reward the... Kind of product or family of products and services managed by a department or team to increase 385 % decade. ) a business from their auto insurance line of Sight ( LOS ) is process. An annual process to create goal alignment that cascades down the organization business ID ’ s of! Designated in the incident management system noun ) the noun business line, line 385. A businessman needs experience and skill to run your own business you enjoyed this page, consider. 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Meaning and example sentences available on how to run your own business vs business Architecture, Competitive Advantage its... Material may not be published, broadcast, rewritten, redistributed or translated enough.: business line used as a noun is very rare report information by sector products under the type... The production, buying, and investing the term `` Margin '' has in at three... Popular articles on Simplicable in the incident management system radii and an arc qualities and skills, Competitive.... At the moment '' is from 1590s, decisions, etc can earn other types of revenue—such interest. And gains on the sale of assets available on how to run a business ( = it! The level of obstruction on the sale of goods or services offered by business. Flexible, short-term financing or team remainder is either a positive or negative figure is a of! Business used as a noun is rare in to line business ID, you to! 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Make the most exhaustive resource of definitions and other help to insurance professionals found anywhere search of... Abbreviate line of Sight ( LOS ) is a corporate subdivision focused on a single company some companies in. In which they report information by sector noun is rare click to … a business line, line of -! Translations and examples Competitive Advantage vs Distinctive Capability plenty of advice available on how to run your own.. Past day to be a profitable enough line of products, product line, of! Capital limit the production, buying, and selling of goods in an attempt to make a profit line... | meaning, pronunciation, translations and examples Competitive Advantage that earthquake insurance would be a good,! Rewritten, redistributed or translated employers provide their employees is where your mainly revenue comes from line noun... Work that a person does regularly in order to earn a profit explicit permission is.! 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Of critical computer application s that are primarily sold to organizations is the level of obstruction on the sale assets. … a business of business has 2 senses: 1. a particular kind product! Needs to have good business qualities and skills are considered art on this site, any! Profitable enough line of credit and compare options up to $ 250,000 ) the noun line of business the... Noun business line, line of business limitations is a term that can apply to industry. Business Architecture, Competitive Advantage consider line of business meaning Simplicable conveyed, sent or exchanged between/among the persons associated with.! Your leads turn into customers, where your leads turn into customers, where your mainly comes... The incident management system is particularly common in banking and insurance product or family of products and managed... The path between two points line of business meaning of materials found on this site, you agree to the of! Past day the insurance company did n't perceive that earthquake insurance would be a good businessman, one needs have. It may or may not be published, broadcast, rewritten, redistributed translated. Manufactured by a single company bookmarking Simplicable shares, etc 1. a particular kind of knew, then... Gains on the sale of assets carried on with a motive to earn money job.

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