business (noun, busi-ness, \ ˈbɪznəs \) unit (noun, u-nit, \ ˈjuːnɪt \)
Definition: is an element, structural component or segment of an organization (such as manufacturing, customer service, accounting, or marketing) that represents a particular business function or a group of operations, and that possesses a distinct place on the company’s organizational chart while being supervised by a manager. In certain situations, each business unit within a single enterprise is responsible for its own profitability. Alternatively, such a segment can be called a functional area or a department.
In a Sentence:
- The CEO of O-Key informed the rest of the board that the marketing business unit needs to be completely reworked.
- Properly managing a business unit is as important as managing an entire company. If a single business unit is underperforming, the overall profitability will suffer as well.
- Since there weren’t enough employees to justify the existence of accounting as a separate business unit, it was reformed into a small division.
Synonyms and related words: department, functional area, supervisor, manager, division
