Industry Segment

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.

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industry segment

An identifiable component of a business. The segment may be identified by product line, geographic region, division, or other divisible part of the company. Firms often evaluate performance on a segment basis. Segments also may be sold as the firm reevaluates its product lines or territories.