Business services are activities that support the operations of businesses but do not produce or deliver physical products. These activities provide companies with marketing, production, safety, cost and convenience benefits – especially for larger organizations.
In contrast, goods are tangible products that customers purchase and consume in a predictable way. They cannot be stored for the future and can be produced in small or large quantities.
Some service businesses are also able to decentralize the service production process to the local level, which can help to develop economies of scale and reduce the need for expensive infrastructure. However, the location decisions made by service businesses are often critical to their success.
A number of organizations use real estate services to find workspaces that meet their needs. These professionals negotiate rental agreements and ensure that the company’s property is properly maintained.
Similarly, several firms use maintenance services to repair appliances and other equipment. Technicians work quickly to resolve problems so that employees can remain productive and the company doesn’t have to spend money on repairs in the long run.
A number of businesses hire translation and interpretation services to help them communicate with individuals from other countries or cultures. These workers take part in meetings, seminars and conversations to help promote inclusion and overcome language barriers.