industry segment

industry segment definition - business

industry segment

An identifiable component of a business. This may be a company's 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.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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