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Business services include activities such as consulting, advertising, marketing and information processing.
Categorizing service industries
With these service industry groups, companies can be further categorized into those that involve transaction broking and those than involve a ‘hands on’ service. For instance, one type of financial service involves stockbrokers who act as the middle person in a transaction between buyers and sellers. Online mortgage companies refer customers to mortgage companies that actually issue the mortgage.
In contrast, legal, medical and accounting industries perform specific hands on activities for their customers...
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