"distinct business" is correct and usable in written English.
It can be used to refer to a particular type of business that is separate and distinct from other businesses. For example, "This company has been successful in developing a distinct business model that has enabled them to stand out from their competitors."
Mr. Naor's unit operates as a distinct business within Frito-Lay.
There are three distinct business areas, too, with zoning laws accommodating everything from roadside businesses to light industry.
The decision to demerge its two distinct business units was taken in 2012 as part of an aggressive de-leveraging, cost-cutting and restructuring programme.
The distinct business advantage that Apple has achieved thanks to its hardware is the sheer volume of iPhone sales, which justifies the big spending on the specialized chips that make that hardware so powerful.
Diversity and inclusion is a broad concept and, to effectively manage a global diversity and inclusion strategy, an organisation must adapt its plan to the needs of each distinct business unit.
"Every company has its own distinct business model, culture and values, and thus, we generally do not sign on to blanket industry documents," Fidelity said while praising the conversation as valuable.
In broad terms, deregulation calls for separating generation, transmission and distribution into distinct businesses.
For instance, the logic of combining Symantec and Veritas, which have very distinct businesses, is not obvious.
"These are two distinct businesses serving different markets and customers," Fred Hassan, Pharmacia's chairman and chief executive, said in a statement.
[C3.] UBS REVAMPS UBS, the Swiss banking giant, announced that it was reorganizing into three distinct businesses after reporting a large quarterly loss and $5.1 billion in write-downs.
Campell, they wrote in a note, has "two very distinct businesses in the form of soup, sauces and beverages and its baking and snacking business".
