Select your language

Suggested languages for you:
Log In Start studying!
Answers without the blur. Just sign up for free and you're in → Illustration


Horngren'S Financial And Managerial Accounting
Found in: Page 884

Short Answer

Describe a service company, and give an example.

Service company provides services to customers, examples are American express, hospitals, etc.

See the step by step solution

Step by Step Solution

Definition of service company

The service companies are defined as the business organization which provides only services to the clients or the customers.

Example of service company

There are various examples of service companies and they are:

Banking: The banking services include various activities which are providing loans, managing various accounts of the depositors, and money transfers. Some of the banks are American Express, HDFC, etc.

Healthcare: Healthcare services are provided by the hospitals such as health check-ups, surgeries, etc.

Most popular questions for Business-studies Textbooks


Want to see more solutions like these?

Sign up for free to discover our expert answers
Get Started - It’s free

Recommended explanations on Business-studies Textbooks

94% of StudySmarter users get better grades.

Sign up for free
94% of StudySmarter users get better grades.