Business services are various tasks and activities that help maintain a company despite not creating any tangible product. Examples of business services include information technology, procurement, shipping and finance. Companies that don’t have the resources to provide their own internal business services may hire external businesses to do it for them. These outside businesses can often do it more cost-effectively than a company would be able to.

Business service providers are a major industry and encompass many different types of businesses, including those that offer office administration, hiring and placing of personnel, security services, waste handling, shipping, and staffing services. They are generally grouped into three categories, according to their primary function: 1) administrative services, 2) consulting services and 3) logistics (including travel and facilities management).

What are the differences between goods and services?

The major difference between goods and services is that goods can be stocked for future consumption, while services cannot. Additionally, while services require a certain amount of involvement from the customer, goods do not. This is one of the reasons why it is considered more difficult to define what constitutes a good or service.

In order for a business service to be considered operational, it must have one or more supporting technical services. If a supporting technical service has an incident with a priority that qualifies, the business service will be impacted and appear on the Business Services page. To add a business service, navigate to Services Business Services and click Create. Name: Enter a meaningful name to define the business service. Associated Team (Only available on the Business, Enterprise for Incident Management and Digital Operations (Legacy) plans): Select the team to associate with this business service.