Business services are tasks or activities that assist a company but do not produce a physical commodity. Examples of business services include information technology which aids numerous other business services. Companies of all sizes require a variety of business services to function properly. Examples of business services include insurance (both life and property), maintenance services, real estate services, catering services, transportation and waste management.
As a whole, the Business Services sector provides about 11% of the European Union GDP. Business services are vital to a country’s economic growth and are increasingly being used to add value to products through new combinations of goods and services, as well as to increase the efficiency and effectiveness of operations in other sectors.
When people think of Business services, they often picture services that a company provides to its clients. However, these types of businesses aren’t the only ones that fall into this category. Some of the most important business services are provided by governmental agencies and community organizations, such as libraries, parks, hospitals and educational institutions.
Some other common business services include cleaning and security services, landscaping services, pet control and animal welfare services. These are all essential to the operation of a business, as they help keep the environment clean and safe for employees and customers. Additionally, a company may need the assistance of tech support professionals to resolve any issues with its computer systems or technological devices. This type of service helps to ensure that employees can work efficiently and quickly.