Business services are activities that help companies but don’t produce any tangible products. They are a major portion of the service industry and encompass all the activities that support businesses such as information technology, banking, marketing, and even the top level strategy that firms might take such as mergers.
Business service providers offer their services to companies in order to assist them in completing their trade activities and delivering value to customers. These services can be anything from helping the company find new customers to providing financial advice. They can also include services such as warehousing, shipping, and staffing.
One key difference between goods and services is that goods can be stored for future use, while services are provided only when they are needed. This is one reason that many business services are intangible. Another difference is that a person can’t stock up on a business service, but instead must request it from the provider each time it is needed.
The type of business services that a company provides depends on the nature of the industry and the specific needs of the customer. Generally, however, these services should be designed to improve the overall business operation and enable the organization to grow. For example, a company might provide transportation services such as a bus that picks up employees from the train station and drops them off at the office. These types of services can increase employee productivity and make the workplace a more pleasant environment.