Business services are a wide range of activities and tasks that benefit businesses without producing any tangible product. Typically, these services support a company’s production, safety, cost and convenience goals while also helping to keep the business profitable.
Examples of Business Services
An example of a business service is information technology, which assists numerous other business services like procurement, finance and shipping. As a result, IT is a critical part of any company’s operations and can help the business reach its goals by aligning IT assets with the needs of employees and customers.
Businesses of all sizes require insurance services not only for their employees’ health and life insurance but for their practices, property and more. These services help companies reduce their financial obligations and can provide coverage for things such as workplace accidents, fire and more.
Real Estate Services
Some organizations prefer to rent workspace instead of owning it. That’s why real estate agents help them find the best space for their needs and negotiate rental agreements.
Another common business service is delivering supplies to a company’s office or retail location, saving them time and money while offering employees convenience. Some companies also hire in-office day cares to help employees maintain a better work-life balance and save on childcare costs.
Finally, social services are the types of activities undertaken by organizations to encourage or fulfill social welfare purposes. These are often funded through taxes and charitable organizations.