Business services are the actions/activities that help businesses, but do not involve a tangible product. They are a large portion of the commercial world and include such activities as banking, warehousing, marketing, etc.
Translation and interpretation services are essential business tools that facilitate communication between different parties, and help reduce the need for face-to-face meetings. Additionally, these business services allow companies to reach a wider range of potential customers and clients who may otherwise be unavailable.
Tech support professionals are a type of business service that assists individuals and businesses with troubleshooting computer, network, and other technological issues. They can be a vital resource to companies by promptly solving any issues that may arise, allowing employees to remain productive.
Workplace safety is another important aspect of business services. These companies offer a variety of services, including fire and security protection, as well as safety training programs to prevent workplace injuries and illnesses.
Unlike products, which can be stocked and stored for later use, business services must be delivered upon demand. Therefore, they require a significant level of customer involvement.
A popular type of business service is shared services, which are centrally managed functions that provide support to other departments within a corporation. These services can improve communication and collaboration between departments, as well as reduce costs and enhance performance. A common example of shared services is human resources, which allows companies to consolidate their back-office functions and achieve efficiencies.