Business Services
Business services are actions that help companies but don’t produce a physical product. The industry encompasses a major portion of the commercial world and includes activities such as IT support, accounting, marketing services and more. It also covers miscellaneous help that companies need to function such as legal services and temporary work agencies.
These services are offered to businesses of all sizes. They can be offered in-person at a company’s office or retail location, but many can be performed remotely from home or any other place with an internet connection. This is a great option for people who don’t want to commute or need a flexible schedule.
Some of the most popular types of business services include IT support, financial services, marketing services and management consulting. These can be provided by a variety of companies including independent consultants, law firms and IT service providers. In addition, engineering services are also often provided by business services companies, with the scope of work determined by a specific project.
While the market for business services is growing, it faces several challenges including lower average productivity and persistent legal barriers. The EU’s Internal Market legislation and policy actions aim to address these issues and increase competitiveness in this important sector of the economy.