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- In the context of business, "service" refers to1234:
- An activity or task performed to benefit customers (B2C) or other companies (B2B) without a physical product.
- Professional support provided by an organization.
- Intangible services that satisfy the needs and desires of customers.
- A subset of economic services that focuses on delivering value to customers.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Service in business can be described as an activity or a task performed to benefit customers (B2C) or other companies (B2B) without a physical product. There are different types of services, for example, education, consultation, support, legal, repair, healthcare, utilities, business, real estate, and hospitality.www.marketingtutor.net/what-is-service-in-a-busine…To explain service in business definition, a service business is an organization that provides professional support to its customers. Unlike product businesses, what a service business offers to their customers is not a tangible item. Instead, it is a service or activity that helps people in different ways.www.fieldpromax.com/blog/what-is-a-service-busin…Service businesses provide services to customers or businesses for a fee. Unlike product-based businesses that offer physical goods, service businesses focus on providing intangible services that satisfy the needs and desires of their customers.www.b12.io/resource-center/business/what-is-a-ser…Service (business) Business services are a recognisable subset of economic services, and share their characteristics. The essential difference is that businesses are concerned about the building of service systems in order to deliver value to their customers and to act in the roles of service provider and service consumer.en.wikipedia.org/wiki/Service_(business) - People also ask
What is Service in Business? – Definition, Types & Examples
Service in a business is an act of support or performing an activity for a customer or company in exchange for a fee. This service can range from educating kids at school to a remote marketing firm that provides consulting advice on running ad campaigns. It’s important to understand that services … See more
To understand the service business better, you should know its characteristics. Here are the five elements mentioned below 1. Intangibility. Services are intangible. They cannot be touched but only experienced. For example, a … See more
Businesses require different types of services. Some have a long tenure, while others are project-based, depending on what areas the business plans to expand. The service providers can be companies or individuals, … See more
Service businesses are one of the most integral components of the business world and economy. They not only generate revenue and create job opportunities but give necessary support to other businesses, … See more
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A service is a set of one-time consumable and perishable benefits that are:
• delivered from the accountable service provider, mostly in close co-action with his internal and external service suppliers,
• effectuated by distinct functions of technical systems and by distinct activities of individuals, respectively,Wikipedia · Text under CC-BY-SA license- Estimated Reading Time: 5 mins
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