Business services are the various tasks and activities that help maintain a business despite not delivering any tangible product. These include things like mediclaim, banking facilities, transportation and communication services. These services are a necessary part of any company. Depending on the type of company, some business services may be more important than others. These are often provided by specialized companies.

Unlike goods, which can be stored and used later, business services cannot be stockpiled. They must be consumed as soon as they are needed. This is one of the key differences between business services and other types of economic activity. This intangible characteristic makes the concept of business services very different from that of goods.

For example, a firm that offers to conduct a training session for employees is providing a business service. This can be compared to the delivery of food by restaurants. Another example is the cleaning and maintenance service provided by janitorial firms. This is an essential business service that provides a clean environment for the employees to work in. This helps them focus on their work and improves productivity.

Other important business services include the delivery of utilities such as water and electricity to a workplace. This helps ensure the smooth functioning of the company and enables employees to complete their work without interruptions. Some businesses also offer child care services or in-office day cares. This allows employees to save time and money on child care and allow them to maintain a work-life balance. In addition, some companies provide technical support services to help their employees troubleshoot technology problems.