Business Products and Services (2024)

Find the examples, definitions, and comparisons of products and services that support the key functions of your business. Browse Investopedia’s expert written library to learn about software, resources, equipment, and more.

Products and Services

Business Products and ServicesByStaff AuthorUpdated Aug 11, 2022 Best Short-Term Business LoansByBen LuthiUpdated Jun 15, 2023 Best Invoicing SoftwareByJennifer LobbUpdated Apr 04, 2023 Best Professional Liability InsuranceByElizabeth RivelliUpdated Feb 06, 2023 The Importance of Excel in BusinessByEric RosenbergUpdated Nov 28, 2022

Frequently Asked Questions

  • Are UPS and FedEx the same?

    While both companies have overlapping business models and markets, UPS specializes in domestic ground package delivery and FedEx specializes in rapid, time-sensitive international air freight.

    Learn MoreUPS vs. FedEx: What's the Difference?

  • Competitive intelligence involves researching and understanding a business’s industry and primary competitors while business intelligence entails software programs and applications that aid in strategic planning for a business.

    Learn MoreWhat Is the Difference Between Business Intelligence and Competitive Intelligence?

  • How do you calculate an EBITDA margin using Excel?

    To calculate EBITDA margin you simply need to add together the earnings before interest and taxes from the income statement to the depreciation and amortization from the statement of operating cash flows. Then, you can divide the EBITDA by the period’s revenue to arrive at the EBITDA margin percentage.

    Learn MoreHow Do I Calculate an EBITDA Margin Using Excel?

  • What is meant by the Internet of Things (IOT)?

    The IOT refers to the totality of internet-enabled devices, connecting through wifi, Bluetooth, data plans, or near-field communications, such as computers, mobile devices, wearable technologies, and smart appliances like thermostats, home security systems, and refrigerators.

    Learn MoreThe Internet of Things (IoT): An Overview

Key Terms

  • Electronic Retailing (E-tailing)

    Electronic retailing involves the sale of goods or services through online channels such as websites or mobile applications. E-tailing can occur between businesses, between two parties of consumers, or from businesses to consumers.

    Learn More

  • Business Intelligence

    Business intelligence, or BI, entails the use of specialized analytical tools, software, and applications to monitor and study the metrics of businesses and their industry to aid in strategic business management decisions.

    Learn More

  • Customer Relationship Management - CRM

    Customer Relationship Management involves the methodology employed by businesses to manage all interactions with their customers. Formal CRM processes guide sales, forecasting, and analysis of customer trends in order to optimize customer experience and sales performance.

    Learn More

  • Click-Through Rate (CTR)

    The click-through rate refers to the percentage of website visitors who click on an online advertisem*nt, who are then transferred to the advertiser's website or sales landing page. The higher the click-through rate the more effective an online advertisem*nt is considered to be based on a cost-per-click metric.

    Learn More

  • Proprietary Technology

    Proprietary technology is a system, software, application, or tool protected by intellectual property laws that has been developed exclusively in-house within an enterprise or purchased from another company or individual that grants the enterprise the rights to that technology. Proprietary technologies can be licensed to other businesses or used for competitive advantage to the enterprise that owns the technology.

    Learn More

  • Electronic Meeting System (EMS)

    An electronic meeting system is a software-enabled application that facilitates video and audio conferencing over the internet among far-flung individuals within a company or among any group of individuals needing to communicate and collaborate online. Electronic meeting systems such as Zoom, Microsoft Meeting, and Webex greatly aided corporate operations to move toward remote work during the global pandemic and evolving hybrid work models moving forward.

    Learn More

Merchant Services: Their Role in Business, How They Work, and BenefitsByGreg DaughertyPublished Apr 25, 2024 Can AI Do Business Taxes? Benefits, Limitations, and Current UsesByElysse BellPublished Apr 02, 2024 How AI Is Used in BusinessByElysse BellUpdated Mar 22, 2024 How to Become an Amazon SellerByGreg DaughertyPublished Oct 31, 2023 What Is the Average Business Loan Term?ByMatt Ryan WebberUpdated Oct 23, 2023
Digital C-Type PrintByAlexandra TwinUpdated Jun 25, 2019 What Is a Large Language Model (LLM)?ByRebecca LakeUpdated Nov 02, 2023 TikTok Dropshipping: Everything You Need to KnowByRebecca LakeUpdated May 14, 2024 Artificial General Intelligence (AGI): Definition, How It Works, and ExamplesByElysse BellPublished Aug 02, 2023 What Is a No-Doc Business Loan, and Is One Right for Your Business?ByElysse BellPublished May 30, 2023 Generative AI: How It Works, History, and Pros and ConsByElysse BellPublished May 26, 2023 Augmented Reality (AR): Definition, Examples, and UsesByAdam HayesUpdated Feb 04, 2024 Web 3.0 Explained, Plus the History of Web 1.0 and 2.0ByThe Investopedia TeamUpdated Mar 11, 2024 Internet Service Provider (ISP): What They Do and ExamplesByAlexandra TwinUpdated Mar 01, 2024 Best Rental Property Management SoftwareByBrian CarmodyUpdated Dec 22, 2023 HyperText Markup Language (HTML): What It Is, How It WorksByAdam HayesUpdated Nov 24, 2022 Best Background Check Sites for May 2024ByKathy HaanUpdated May 10, 2024 What Is Personally Identifiable Information (PII)? Types and ExamplesByJake FrankenfieldUpdated Nov 02, 2023 What Is File Transfer Protocol (FTP) and What Is It Used for?ByCory MitchellUpdated Jul 31, 2023 Video Conferencing: How It Works, How to Use It, Top PlatformsByJulia KaganUpdated Jun 02, 2022 Electronic Retailing (e-Tailing): Definition, Types, ExamplesByMarshall HargraveUpdated Nov 06, 2021 Android Operating System (OS): Definition and How It WorksByJames ChenUpdated Jun 05, 2022 Best POS Systems for Small BusinessesByJessica ElliottUpdated Jan 10, 2023 What Is Business Intelligence (BI)? Types, Benefits, and ExamplesByJake FrankenfieldUpdated Mar 11, 2024 What Is CRM? Customer Relationship Management DefinedByMarshall HargraveUpdated Jul 31, 2023 Interactive Media: Definition, Types, and ExamplesByRajeev DhirUpdated Dec 06, 2021 What Is Big Data? Definition, How It Works, and UsesByTroy SegalUpdated Feb 13, 2024 UPS vs. FedEx: What's the Difference?ByJay WeiUpdated Jan 09, 2023 What Is Software as a Service (SaaS)? Definition and ExamplesByMitchell GrantUpdated Dec 15, 2022 Best Credit Card Processing CompaniesByJessica ElliottUpdated Mar 08, 2024 Best Virtual Assistant ServicesByBrian CarmodyUpdated Mar 01, 2024 Radio Frequency Identification (RFID): What It Is, How It WorksByAdam HayesUpdated Apr 23, 2024 What Is the Internet of Things (IoT)? How It Works and BenefitsByWill KentonUpdated Dec 27, 2022 Data Universal Numbering System (DUNS) Number: DefinitionByTroy SegalUpdated Dec 22, 2022 Virtual Office: Definition, Costs, Benefits, DrawbacksByWill KentonUpdated Dec 28, 2022 How Do I Calculate an EBITDA Margin Using Excel?ByClaire Boyte-WhiteUpdated Dec 29, 2022 Mobile Payment: Payments Made From a Smartphone or TabletByMitchell GrantUpdated Dec 29, 2022 What Is Broadband High-Speed Internet, and How Does It Work?ByJason FernandoUpdated Dec 31, 2022 Pixels Per Inch (PPI): Definition, Vs. Dots Per Inch (DPI)ByWill KentonUpdated Dec 28, 2022 Information Management Technology (IMT) Overview, CareersByJake FrankenfieldUpdated Jan 05, 2023 Click-Through Rate (CTR): Definition, Formula, and AnalysisByAdam HayesUpdated Dec 22, 2022 How to Get an LLCByErin GoblerUpdated Feb 27, 2024 3D Printing: What It Is, How It Works, ExamplesByAdam HayesUpdated Nov 29, 2021 Best Cell Phone Providers ByJessica ElliottUpdated Jan 22, 2024 Proprietary Technology: Overview, Types, ExampleByWill KentonUpdated Jan 21, 2023 Top Tools for ERP Enterprise Resource PlanningByShobhit SethUpdated Jan 26, 2023 Best Call Center Services for 2024ByJessica ElliottUpdated Apr 11, 2023 Work Cell: What it is, How it Works, ExampleByWill KentonUpdated Feb 25, 2023 What Is Voice Over Internet Protocol (VoIP) Technology?ByAlexandra TwinUpdated Dec 29, 2022 How Much Does It Cost to Start an LLC?ByErin GoblerUpdated Mar 01, 2024 Background Check: Definition, Types, and ExamplesByErin GoblerUpdated May 10, 2024 Insights On Creative Destruction and TechnologyByDavid Joseph HoppockUpdated Jan 31, 2023 Business Intelligence vs. Competitive Intelligence: What's the Difference?ByEvan TarverUpdated May 21, 2023 Enterprise Information Management: What it Means, How it WorksByJake FrankenfieldUpdated Feb 01, 2023 Barcode: What It Means, Benefits, HistoryByDaniel LibertoUpdated Sep 25, 2021 Electronic Meeting System (EMS): Meaning, How It Works, ExampleByAlexandra TwinUpdated Jan 31, 2023 Terotechnology: What It is, How It Works, ExampleByWill KentonUpdated Jan 26, 2023 Best Working Capital LoansByDawn PapandreaUpdated May 31, 2023 Best Unsecured Business Loans of 2024ByCarissa RawsonUpdated Jun 09, 2023 Best High-Yield Business Savings Accounts for May 2024ByLindsay VanSomerenUpdated May 12, 2024 Semiconductors: What Is the Supply Chain? Why Is it Important?ByAdam HayesPublished Mar 29, 2023 Best Accounting Software for RestaurantsByAllison BethelUpdated Oct 26, 2022

Business

Business EssentialsTypes of CorporationsSupply ChainBusiness LeadersBusiness JargonMarketing EssentialsSmall BusinessCompany ProfilesCorporate Finance

Business Products and Services (2024)
Top Articles
Latest Posts
Article information

Author: Geoffrey Lueilwitz

Last Updated:

Views: 5379

Rating: 5 / 5 (60 voted)

Reviews: 91% of readers found this page helpful

Author information

Name: Geoffrey Lueilwitz

Birthday: 1997-03-23

Address: 74183 Thomas Course, Port Micheal, OK 55446-1529

Phone: +13408645881558

Job: Global Representative

Hobby: Sailing, Vehicle restoration, Rowing, Ghost hunting, Scrapbooking, Rugby, Board sports

Introduction: My name is Geoffrey Lueilwitz, I am a zealous, encouraging, sparkling, enchanting, graceful, faithful, nice person who loves writing and wants to share my knowledge and understanding with you.