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Many services are regarded as heterogeneous and are typically modified for each service-consumer or for each service-context. [2] Example: The taxi service which transports the service consumer from home to work is different from the taxi service which transports the same service consumer from work to home – another point in time, the other ...
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.
Managed services is the practice of outsourcing the responsibility for maintaining, and anticipating need for, a range of processes and functions, ostensibly for the purpose of improved operations and reduced budgetary expenditures through the reduction of directly-employed staff.
Services constitute over 50% of GDP in low income countries and as their economies continue to develop, the importance of services in the economy continues to grow. [2] The service economy is also key to growth, for instance it accounted for 47% of economic growth in sub-Saharan Africa over the period 2000–2005 (industry contributed 37% and agriculture 16% in the same period). [2]
Services are activities provided by other people, such as teachers or barbers. Taken together, it is the production , distribution , and consumption of goods and services which underpins all economic activity and trade .
Services marketing; Service contract (disambiguation), with various levels of management, relations or integration in a service system: Service-level agreement; Managed services; Outsourcing; Service provider, third party or outsourced suppliers for organizations; Rest area, where drivers and passengers take a pause from driving
Corporate services such as finance and banking were first introduced to remove pressure from the client's organisation when dealing with complex banking and finance issues. Specialist information and tips are provided by the consultancy to manage finances appropriately, and some can set up a corporate bank account for clients [ citation needed ] .
Later, services became more organized and were provided to the general public. In 1900 the U.S. service industry (e.g., consisting of banks, professional services, schools and general stores) was fragmented, except for the railroads and communications. Services were largely local in nature and owned by entrepreneurs and families.