Business services are various tasks and activities that help maintain a business despite not producing a tangible product. These services are often intangible, but can include things like marketing, human resources and logistics. Companies often outsource these business services rather than hiring in-house employees to perform them, which can save money and time.
Business service providers can also bring specialized expertise to the company. For example, a company might use a software service provider to enhance features or upgrade security on their technology products. This can help businesses stay competitive and reduce costs by allowing their employees to focus on core functions.
A common type of business service is business-to-business (B2B) services, which take place between trade organizations. These can include a wholesaler and a manufacturer or a retailer and a distributor. These types of transactions can be very complex and involve a large amount of paperwork.
Another type of business service is management services. This can include services like project management, facility management or IT support. These are essential for businesses to have, as they help them manage their operations and ensure that they can reach their goals.
Finally, there are professional services, which help companies perform their duties and meet legal requirements. For example, a law firm or accounting firm provides business services to their clients. Other examples of professional services include pest control, maintenance and waste management. These are a necessary part of any business, and can help businesses avoid problems like code violations.