line of business meaning

All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. 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. It is a term that can apply to any industry but is particularly common in banking and insurance. Line-of-Business Reporting A convention some companies use in their financial statements in which they report information by sector. Click to … 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. Meaning of Line Balancing: “Line Balancing” in a layout means arrangement of machine capacity to secure relatively uniform flow at capacity operation. F or businesspeople in commerce, finance, and investing the term "Margin" has in at least three different meanings: . Perhaps the most important of these is the process that goes into your marketing and sales pipeline. It is a process through which information, facts, ideas, orders, advices, decisions, etc. The common types of requirements elicitation. Sales from online stores are expected to increase 385% this decade. Business intelligence (BI) refers to the tools, systems, and strategies that create analysis and planning processes within a corporation. I like to google. 1. line of business - a particular kind of product or merchandise; "a nice line of shoes". 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. A definition of marketing myopia 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. The Meaning of Margin. 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. Cookies help us deliver our site. Partners or Investors: If you're starting your business with a partner or private investor, you won't be … 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 The area of a circle included between two radii and an arc. The definition of learned helplessness with examples. A definition of requirements management with examples. Reproduction of materials found on this site, in any form, without explicit permission is prohibited. 2. a particular kind of commercial enterprise. 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. the purchase and sale of goods in an attempt to make a profit. During a Metro roundtable yesterday the devs started discussing LOB apps, Line Of Business apps. Sample 1 Based on 1 documents Examples of Principal Line of Business in a sentence I sat quietly and listened in on the conversation, untill I suddenly realized that I wasn’t sure what they meant by LOB. Sense of "trade, commercial engagements, mercantile pursuits collectively" is first attested 1727, on the notion of "matters which occupy one's time and attention." • BUSINESS LINE (noun) The noun BUSINESS LINE has 1 sense:. There are several processes that make (or break) a business. 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. The growth rate formula with example calculations. merchandise, product, ware - commodities offered for sale; "good business depends on having good merchandise"; "that store offers a variety of products". An LOB application is one of the set of critical computer application s that are vital to running an enterprise. In some circles, the term also has a broader connotation, used as a means of referring to the profession of a specific individual. Bottom line profits are net profits after all the costs of the business have been accounted for. a person, partnership, or corporation engaged in commerce, … Simple Access. The difference between competitive advantage and distinctive capability. Compare below-the-line promotion. 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. | Meaning, pronunciation, translations and examples Avoidance of the business limit and taxable capital limit. A variable rate means your repayments can vary if the rate changes – something to think about before you apply. If you enjoyed this page, please consider bookmarking Simplicable. Another word for line of work. 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. Line management refers to the management of employees who are directly involved in the production or delivery of products, goods and/or services.As the interface between an organisation and its front-line workforce, line management represents the lowest level of management within an organisational hierarchy (as distinct from top/executive/senior management and middle management). English run a business (= manage it) There’s plenty of advice available on how to run your own business. – Kate Bunting Mar 6 '18 at 8:43 A reasonably comprehensive guide to strategy. The profit is a reward for the services of a businessman. 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. I kind of knew, but then I didn’t. organizational control exercised over line functions in an organization. Definition of line of business, with etymology, pronunciation (phonetic and audio), synonyms, antonyms, derived terms and more about the word line of business. noun an occupation, profession, or trade: His business is poultry farming. Learn more. Essentially, the main focus for what a company does in a particular sector or industry is known as that company’s nature of business. The area of a circle included between two radii and an arc. Many organizations have an annual process to create goal alignment that cascades down the organization. What does business line mean? A line of business is the set of products and services managed by a department or team. They play an important role in the operation of many businesses, supervising and managing workers on a daily basis and acting as a … 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. Synonym Discussion of business. 1. a particular kind of product or merchandise Familiarity information: BUSINESS LINE used as a noun is very rare. ; operating procedures and control signals by which a telecommunications system is controlled. So the plural is 'lines of business'. Meaning of Business Environment. How to use business in a sentence. The noun LINE OF BUSINESS has 2 senses: 1. a particular kind of product or merchandise. A list of professions and creative pursuits that are considered art. merchandise, product, ware - commodities offered for sale; "good business depends on having good … Providing a clear Line of Sight - a key job of leadership. 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. Business definition: Business is work relating to the production, buying , and selling of goods or services. An extensive list of business strategies. Line of sight (LOS) is the level of obstruction on the path between two points. Dictionary entry overview: What does business line mean? By logging in to LINE Business ID, you agree to the Terms of Use.. About LINE Business ID. A line of business is a general classification of business used by the insurance industry, such as fire, commercial, personal, auto, or residence . In 17c. First Meaning: Margins in Business Commerce. Business definition is - a usually commercial or mercantile activity engaged in as a means of livelihood : trade, line. A definition of public infrastructure with examples. Looking for information on Class of Business? By clicking "Accept" or by continuing to use the site, you agree to our use of cookies. Business definition: Business is work relating to the production, buying , and selling of goods or services. I secrectly googled it. Learn more about this type of credit and compare options up to $250,000. 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. A businessman needs experience and skill to run a business. 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.” Companies can earn other types of revenue—such as interest and gains on the sale of assets. that are behaving as others of the same type or as…. Visit our, Copyright 2002-2021 Simplicable. Meaning "what one is about at the moment" is from 1590s. Anyone cannot run a business. The difference between business analysis and business architecture. 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. Get the most popular abbreviation for Line Of Business updated in 2021 Line Of Business definition, meaning and example sentences. The physical location for a specific activity designated in the incident management system. A product line in business is a group of related products under the same brand name that is manufactured by a single company. © 2010-2020 Simplicable. Google is my best friend. 2. 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. Information and translations of business line in the most comprehensive dictionary definitions resource on the web. A list of business analysis techniques, tools and approaches. The difference between a baseline and a benchmark. Top-line growth refers to the increase in revenue a company earns through its core business operations. The remainder is either a positive or negative figure. In some industry sectors, like insurance, "line of business" also has a regulatory and accounting definition to meet a statutory set of insurance policies. An overview of a common business strategy. A definition of restructuring with 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. 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. 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. 4. Business skills for economic success. A booming ecommerce business takes intuition, knowledge of your market, in-line definition: used to describe profits, shares, etc. Business activities can be broken down into line functions and staff functions. (BUSINESS) n-var I think the phrase 'line of business' uses 'business' in the sense of commercial activity in general, not 'a business' meaning an individual firm. Line of Business Defined This term generally refers either to an entire industry or to all components of an industry. The credit line is then automatically paid down with available funds in your everyday operating account. sys-snap.sh is a shell script, which contains commands that sh executes. All Rights Reserved. A tagline is meant to provide consumers with an indication of your brand and its … Where two corporations (Corps A and B) … a particular kind of product or merchandise; a particular kind of commercial enterprise; line definition: 1. a long, thin mark on the surface of something: 2. a group of people or things arranged in a…. business also could mean "sexual intercourse." 5 ways to abbreviate Line Of Business. 5. How to use line of work in a sentence. A definition of best in class with examples. See also line function. 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. sector (sĕk′tor) [L., cutter] 1. Synonyms for line of business include work, occupation, employment, job, livelihood, profession, trade, career, role and vocation. How to use business in a sentence. sector (sĕk′tor) [L., cutter] 1. 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 definition of strategy vs tactics with two examples. It can also be said as “a layout which has equal operating times at the successive operations in the process as a whole”. Definition of business line in the Definitions.net dictionary. Log in. Line of work definition is - the work that a person does regularly in order to earn money : job. A business line of credit provides small businesses flexible, short-term financing. business line, line of merchandise, line of products, product line, line. Learn more. The term bottom line is often used and refers to the profitability of a business after all expenses are deducted from revenues. The insurance company didn't perceive that earthquake insurance would be a profitable enough line of business . IRMI offers the most exhaustive resource of definitions and other help to insurance professionals found anywhere. Meaning of business line. Report violations, Business Analysis vs Business Architecture, Competitive Advantage vs Distinctive Capability. LOB (line-of-business) 1. The common types and formats of requirements. Line of business limitations is a federal income tax rule applied to fringe benefits that employers provide their employees. In some industry sectors, like insurance, "line of business" also has a regulatory and accounting definition to mean a statutory set of insurance policies. Familiarity information: LINE OF BUSINESS used as a noun is rare. 1. business line - a particular kind of product or merchandise; "a nice line of shoes". Search line of business and thousands of other words in English definition and synonym dictionary from Reverso. The physical location for a specific activity designated in the incident management system. 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. 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. To be a good businessman, one needs to have good business qualities and skills. 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. Ecommerce business models of all types are thriving. Property and casualty insurers currently make the most money from their auto insurance line of business . Business definition is - a usually commercial or mercantile activity engaged in as a means of livelihood : trade, line. It may or may not be a strategically relevant business unit. Comprehensive BI systems allow a company to gather, store, access, and analyze corporate data to aid in decision-making.. This is where your leads turn into customers, where your mainly revenue comes from. | Meaning, pronunciation, translations and examples 2. Synonym Discussion of business. As with all services, their primary value is intangible, meaning value that has no physical form.Business services represent a large industry and common business model.The following are illustrative examples of business services. Noun. The business is carried on with a motive to earn a profit. This material may not be published, broadcast, rewritten, redistributed or translated. are conveyed, sent or exchanged between/among the persons associated with business. Line managers oversee other employees and the operations of a business while reporting to a higher-ranking manager. 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. 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 most popular articles on Simplicable in the past day.

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