A business service is any industry that supports the infrastructure and productivity of a company. This includes industries such as IT services, financial services (including accounting and taxes), human resources services, marketing, logistics, shipping, and consulting.
The business service industry is an essential part of a country’s economy and is growing rapidly around the world. These industries play a vital role in enabling companies to function and be competitive, as well as to add value to the goods they produce. The business service industry also provides important employment opportunities and boosts the economic growth of a region.
What are the characteristics of business services?
The main characteristic of business services is that they are intangible. Unlike goods, services can’t be stored in warehouses like inventory and they must be consumed immediately after they are provided. Another important feature of business services is that they are often integrated with each other, such as when a warehousing and distribution service is used in conjunction with transportation services.
How to get a job in business services
The career paths for professionals working in the business services industry are diverse and include roles such as IT support, finance, human resources, IT management, marketing, procurement, sales, and logistics. The specific duties of each sector vary depending on the type of business and its requirements, but they all focus on providing non-financial services to businesses to help them run efficiently. If you’re interested in pursuing a career in the business services industry, consider earning an associate or bachelor’s degree in one of these fields.