Business services are a group of activities that support business goals without producing physical goods. These services help companies to save money, improve efficiency and productivity, and remain competitive. They also make it easier for companies to work with customers.
A typical example of a business service is a marketing consultancy that offers advice on how to develop a company’s marketing strategy. Other examples include IT services, management consulting, and event planning services. Companies often outsource these services to specialist companies.
Unlike products, which can be stocked and stored, services are delivered at the point of consumption and cannot be saved for later use. This means that business services are usually consumed on an as-needed basis. This is also why they are sometimes referred to as intangible assets.
If you are considering a career in business services, it is important to understand what the job entails before making a decision. The requirements for a business service career vary depending on the industry in which you want to work. For example, a high school diploma and strong work ethic are required for jobs in shipping, janitorial services, or waste management. However, you’ll need a bachelor’s degree and relevant experience for a role as an accountant or software engineer. Those working in business services should also have good interpersonal and communication skills, as they often work closely with clients.