Business Services

The services used by business organizations to conduct activities are known as business services. The business services assist the business but do not deliver a tangible commodity. For example, transportation services do not give a tangible result, but transport goods, inventory, raw materials, etc., from one place to another. The major business services are insurance, banking, warehousing, transportation and communication services. 

Social Services

The services provided by an individual or a group of individuals voluntarily for the accomplishment of some social goals are known as social services. The social goals include improving the standard of living for the weaker section of society, providing educational and health facilities to poor children and people, or providing hygienic conditions in slum areas. The social service providers usually voluntarily provide the services along with some considerations to cover their costs. Therefore, these service providers do not have a profit earning motive. For example, educational facilities or services provided by NGOs to poor children.

Personal Services

The services that give different customers’ a different experience are known as personal services. These types of services are inconsistent in nature and differ based on the service provider, customers’ demands, preferences, etc. For example, restaurants, hotels, tourism, etc.