Whether your business is an enterprise, medium or small, you may need various types of business services. These services are non-tangible and include marketing, training, waste management etc. Learning more about them can help you understand the need for these services and request them to improve your company.
What is a Business service?
In the context of globalEDGE, business services refer to activities that benefit a company without supplying tangible products. Examples of these are marketing, event planning and training. In addition to helping a business improve its operations and industry environment, these non-physical services can also boost productivity.
While most business services are based on intangible elements, there are some that require substantial labor or material goods to be provided. These are commonly known as professional or specialized business services. These can range from IT services such as a cloud-based sales automation platform to legal advice.
All businesses need a number of different business services to function. These can include things like warehousing, distribution and logistics services that can enhance product delivery to customers. These services can be performed by a variety of providers and can include value-added activities such as sorting bulk goods into customized lots, packaging and labeling.
Other examples of business services are staffing, consulting, IT facilities, cleaning and security. These services can be outsourced or provided in-house depending on your business needs and budget. The European Union estimates that the business services sector accounts for 11% of the EU economy.