The Business of Business Services
Unlike goods, which can be stored for future use or sold to other companies, Business services are intangible and must be delivered when requested. As a result, the market for these services is relatively large as they are utilized by large firms in many areas of their operations.
The most common type of Business service is a third party logistics company that handles the storage, fulfillment and shipping of goods for an eCommerce business. Other business services include consulting firms that offer advice on a range of business topics such as marketing, human resources and finance. Translation services are another type of Business service that helps businesses reach a wider range of consumers by eliminating language barriers. Tech support workers can help a business troubleshoot computer, network and other technical issues, allowing employees to remain productive.
Finally, the business of Business services can also involve helping a company find the right talent. Firms such as recruitment agencies can provide this type of Business service by assisting a company in finding new employees or by supplying staff for specific projects.
Ultimately, the business of Business services is a broad sector that encompasses most of the commercial world. These companies are an important part of the economy as they enable other industries to produce tangible goods. Without these companies, the production of goods would be much more difficult and time consuming. The following tables present data relating to employment and unemployment in the business services industry, gross job gains or losses and projections of occupational employment change by major industrial group.