Business services are intangible goods that organizations provide to consumers. They are not stock items and are provided by external agencies. As such, they are more valuable to consumers than tangible goods. Businesses that provide business services also provide the university with a broader range of services. Here are a few examples of business services. These include: IT, human resources, and finance. The following paragraphs will describe the functions of these departments. They are an essential part of the university, and provide a wide range of benefits and services to the University community.
Business services are a means of delivering value to consumers
A business service is defined as a product or service that facilitates the desired outcome for the customer, but does not require the consumer to assume specific costs or risks. Typically, a service provider is a business unit. Supporting services must be available to make the service effective. Here are a few key services to look for when defining a service. Read on for more information! This article outlines the characteristics of a good business service.
They are an intangible good
The nature of services makes them intangible. They cannot be produced, transported, or stocked. Instead, they are produced simultaneously. A service provider assigns its resources to deliver a specific service over a certain time period, but if there is no demand for the service, the resources might go unused and the business may lose the opportunity to sell the product. An example of a service that vanishes after being rendered to a consumer is passenger transportation.