Business services are the actions or activities that help businesses but don’t always result in tangible goods. Companies rely on these services for marketing, production, safety, cost and convenience purposes.
Insurance services, for example, assist organizations in reducing their financial obligations by providing them with coverage for employee health and life insurance. Many firms also require warehousing services to store products that they sell.
Consulting services are a type of business service that provides advice or labor to an organization for a fee. They can include legal, accounting and technical consulting.
Management consultancy is another business service that can be used to improve a company’s operations and efficiency. They often help companies train their management and professional teams to better achieve their strategic goals.
Accountancy services are a type of business service that helps companies keep track of their finances and prepare tax returns. They can also manage accounts payable and receivable and collect outstanding invoices.
Real estate services are another business service that assists businesses with finding workspaces and negotiating rental agreements. These agencies can also help with landscaping.
Transportation services are also a type of business service that can be used to transport items for companies. These services are especially useful for larger firms that need to move around a lot.
Business services are a growing sector in the European economy. They are also subject to a wide range of EU Internal Market laws and policy actions that aim at stimulating their growth and competitiveness.