business segment

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Business Segment

A division or subset of a business' operations, especially in large corporations. For a division to be considered a segment, it must directly earn revenue for the company. For example, a heavily diversified corporation may have one segment dedicated to telecommunications, another to manufacturing, and a third to energy. It is also known simply as a segment. Internally, each segment's expenses and revenues are accounted for separately.

business segment

See segment.
References in periodicals archive ?
Effective immediately, all four business segments will report directly to Pierre Beaudoin, President and Chief Executive Officer, Bombardier Inc.
The Service ruled in both situations that the separation of business segments provided a real and substantial benefit to the company that was motivated by a real and substantial non-Federal tax purpose pertinent to the business, which could not have been effected by any other means.
Kevan Casey, CEO of eLinear, stated, "We are growing our business across all business segments and we are expecting to achieve significant growth over last year's revenue.
June 27 /PRNewswire/ -- AAI Corporation is restructuring its organization into business segments, which will be supported by five functional areas.
To implement these strategies worldwide, L&N has established four global Business Segments, with the management of each responsible for marketing, application engineering and R&D.
Aspiro is maintaining its focus on growth in the Music and TV business segments.
The sale of this business segment will enable management to focus its attention on our profitable business segments -- the dairy and restaurants.
CLEVELAND -- Diversified industrial manufacturer Eaton Corporation (NYSE:ETN) announced today that it will realign its financial reporting structure, increasing the number of business segments reported from four to six, to reflect Eaton's growth and changing mix of businesses.
The transaction is consistent with Myers Industries' intention to divest non-strategic operations and reinvest in key business segments to strengthen its brands and product portfolio.
The ITML acquisition is consistent with Myers' Strategic Business Evolution process to grow the Company's key business segments with accretive transactions that strengthen its brand portfolio, provide value-added capabilities, and deepen relationships with customers.
However, each of Cycle Country's other three business segments experienced increases in sales for this fiscal year compared to the fiscal year ended September 30, 2005.
Orr, president and chief executive officer of Myers Industries, said, "This acquisition is consistent with our Strategic Business Evolution process to grow our key business segments with accretive transactions that strengthen our brand portfolio, provide value-added capabilities, and deepen relationships with our customers.

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