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  2. "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.
    en.wikipedia.org/wiki/Line_of_business
    en.wikipedia.org/wiki/Line_of_business
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    WEBDec 2, 2022 · Many large corporations have strategic business units (SBUs), each with its own product lines, budgets, strategic planning units, and marketing campaigns. Learn more about strategic business unit …

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    WEBMay 4, 2024 · Product. Large companies can be split into smaller divisions based on the product category. For example, an automobile manufacturer may split its product divisions into luxury sedans and off-road vehicles. …

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