Mar 6, 2018 · I think the phrase 'line of business' uses 'business' in the sense of commercial activity in general, not 'a business' meaning an individual firm. So the plural is 'lines of business'.

Apr 19, 2024 · A line of business is the set of products and services managed by a department or team. This can apply to any industry but is particularly common in banking and insurance. The structure of …

Sep 1, 2025 · A line of business (LOB) is a product or service a company offers to serve a specific customer need. A bank, for example, provides LOBs to serve consumers’ financial needs, such as …

Apr 7, 2025 · What are lines of business? Lines of business refer to the distinct categories or segments of activities or products that a company engages in to generate revenue. Each line of business …

LOB, which stands for “line of business,” is a common term for the products or services that a company or manufacturer produces or sells in response to a particular customer transaction or business need.

Nov 9, 2021 · An LOB (line of business) is a general term that describes the products or services offered by a business or manufacturer.

"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.

Feb 28, 2025 · A business unit is a broader term, potentially including numerous lines of business under its umbrella. A line of business, conversely, is a smaller, more focused entity typically dedicated to a …

Dec 18, 2024 · Whether you’re an aspiring entrepreneur or a dedicated employee, recognizing how your organization generates value is essential. Take Apple, for instance.

"lines of business" is correct and usable in written English. You can use this term to refer to an area of activity that an organization is engaged in, for example, "Our company has three lines of business: …