What is Business Services?
Business services are referred to as the activities that assist business yet does not deliver a tangible commodity. For instance, Information technology is one such business service that supports various other business services such as shipping, procurement and finance. Most of the businesses today are inclined towards such specialized business services.
India is growing extremely competitive and giving a tough competition to other countries when it comes to providing services. A large number of foreign country prefer India as their hosting partner for business services, sometimes they even prefer to open a branch office.
Click here to learn about what is the difference between Businessman and Entrepreneur?
Characteristics of Business Services
Business services divided into five characteristics are mentioned below.
(1) Intangibility
a)These are intangible assets, they cannot be touched.
b)They don’t have their physical presence.
c)A person can only experience it.
d)It is important to provide quality service to the customer, so that custome
can feel the favourable experience.
Example: Teaching by teachers, doctor’s treatment to patients etc.
Types of Business Services
1. Software Services
Technology is required almost in every field. Software services comprise the major part in it. They range from anti-viruses to various operating systems and etc. Furthermore, another department where software services are vital is banking. Nowadays, transactions have become more accessible through online banking. Hence, software services need to be upgraded to combat hacking and virus threats.
2. Consultancy Services
Consultancy services are provided by numerous organisations irrespective of their field of specialisation. These services are given for business expansion projects, commercial projects, etc. Moreover, these services also help a company to comprehend the industry environment and the competition in the market.
3. Training Services
Many enterprises require these services. Though most companies are well enough to give training to their employees, they also take help from external agencies. These agencies train the employees with soft skills and other necessary requisites to work in the company.
Management of waste is crucial in preventing pollution. Wastewater and materials produced from a manufacturing plant must be recycled and passed carefully to minimise the leakage of toxic products that may affect the environment. Waste management services guarantee that the waste generated from a plant is less harmful or less polluting, and helps in keeping people and environment healthy.
Apart from these, there are various personal services which individuals may opt as an independent way to earn money. Check the below list of service business ideas:
