When segment is made on the basis of products or services which are exposed to
different risk & return then it is known as
(a)Product segment
(b) Business segment
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(b) Business segment
A segment is a division of a company that generates its own revenue and develops its own products, product lines, or service offerings. Costs and operations associated with segments are typically discrete. Segments are also known as "business segments." Generally, if a business unit can be differentiated or raised out of the business as a whole and remain identity, it meets the criteria for classification as a business segment.
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