Business services are a broad category of non-financial service providers that assist companies in their business processes. These companies provide a wide variety of service types, including information technology, logistics, waste handling and staffing services.
Definition of Business services
The key difference between economic and business services is that businesses focus on building service systems to deliver value to their customers and to act in the roles of both provider and consumer. This is contrasted with product businesses, which focus on building products and selling them to consumers.
Examples of business services
There are many different types of business services, and each has its own set of unique characteristics. Some of the most common are intangibility, consistency and inseparability.
Intangibility: The physical presence of a service cannot be felt by the person using it. For example, a doctor’s treatment to a patient or teaching by teachers does not have any physical presence.
Consistency: Intangibility also means that the same service has to be performed each time, unlike physical products, which can be stored and consumed in different times. Inseparability: Both consumption and production take place simultaneously for services.
Business services offer a wide range of career opportunities and pay, depending on the job title, experience, skills, education and other factors. If you’re interested in a career that allows you to help improve business operations and make a positive impact on the world around you, consider pursuing a career in one of these fields.
