Business Services: Introduction
Companies in this segment provide consulting in management, sciences, and technical fields.
Human Resources and Staffing
Companies provide advice and assistance to businesses in terms of personnel policies, employee compensation and benefit planning, and wage and salary administration.
Firms in this segment provide services of lawyers as well as legal practitioners to businesses, government agencies, individuals, and nonprofits.
Logistics and Shipping
Companies in this segment help to design and publish supply chain management and logistics software to aid other companies. Third party logistics providers also provide outsourced shipping options for companies.
Marketing and Advertising
Companies in this segment create advertising campaigns, implement public relations campaigns, and engage in media buying.
Real Estate and Leasing
The real estate and leasing segment includes establishments that rent, lease, and otherwise allow the use of tangible of intangible assets.
The Business Services industry is Highly Fragmented. The production in this industry is divided among many different companies, no single firm has large enough share of the market to be able to influence the industry's direction or price levels.
Primary Demand Drivers
- Level of business spending, which is determined by the health of the overall economy
- Efficient operations
- Effective marketing
From the Blog
The scope of global business and international trade has seen optimistic improvements throughout recent years. Many analysts and companies are becoming increasingly confident regarding global trade and overseas opportunities. This confidence is due to global trade growth exceeding initial forecasts as well as the stabilization of China's economy and demand. These particular factors could be indicative of a year without a major economy falling into recession, a benchmark that has never previously been reached.
The largest world fair in history will take place in Shanghai, China starting May 1 to October 31. Its theme is "Better City - Better Life". More than 190 countries will be present setting pavillions portraying their culture and technology.
The event is six months long and is expected to attract more than 70 million visitors. Therefore, it is an excellent networking opportunity. Nations that are already parters with China will be there in order to further firm the connection. Also, there is the chance to make new friends and establish new connections as a BBC video explains.
- SelectUSA (Date Accessed: 6/1/2017)