14. What is meant by professional services? Discuss and cite example. =>
Answer:
Professional services are nonphysical products or services that individuals or companies provide to customers to help them manage or improve a specific area of their businesses. For example, an acting coach offering lessons to actors could be a professional service.
They include lawyers, advertising professionals, architects, accountants, financial advisers, engineers, and consultants, among others. Basically, they can be any organization or profession that offers customized, knowledge-based services to clients.
