Third-Party Services
Third-party services refer to external companies or organizations that provide specific functions or support to a primary business. These services can include anything from payment processing, like PayPal, to customer support, such as Zendesk. By outsourcing these tasks, businesses can focus on their core operations while benefiting from the expertise of specialized providers.
Using third-party services can enhance efficiency and reduce costs for businesses. For example, a small online retailer might use a third-party logistics provider, like ShipBob, to handle shipping and inventory management. This allows the retailer to offer faster delivery options without investing heavily in their own infrastructure.