Definition, Meaning & Synonyms

core-business

Noun

/kɔr ‘bɪznəs/

Definition

The principal activity or function that a company or organization focuses on to generate revenue and achieve its goals.

Examples

The retail chain decided to expand its core business by introducing new product lines.
Focusing on core-business processes helped the company improve efficiency.
Many successful startups revolve around their core business models to attract investors.

Meaning

Core business refers to the essential area of expertise or main product/service that a company offers, which drives its profits and fundamental operations.