Line of Business

Line of business 1 'Line of business' (LOB) 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.

Line of business 1 In some industry sectors, like Insurance industry|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 1 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.

Outline of business - Concepts 1 * Outline of business management

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