RIBB meaning in Business ?

A ribbon or riband is a thin band of material, typically cloth but also plastic or sometimes metal, used primarily as decorative binding and tying. Cloth ribbons are made of natural materials such as silk, cotton, and jute and of synthetic materials, such as polyester, nylon, and polypropylene. Ribbon is used for useful, ornamental, and symbolic purposes. Cultures around the world use ribbon in their hair, around the body, and as ornamentation on non-human animals, buildings, and packaging. Some popular fabrics used to make ribbons are satin, organza, sheer, silk, velvet, and grosgrain.