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The Professional Business Services Sector

  • 5 subtopics
  • 15 things to know
  • AS 1

What The Professional Business Services Sector covers

The Professional Business Services Sector is examined in Unit AS 1, Introduction to Professional Business Services. It covers the nature of professional business services, the range of consultancy services, tangible goods and intangible services, local, national and global firms and why businesses use consultancy services.

Where it is assessed

AS 1

Introduction to Professional Business Services — a written examination.

Check the CCEA specification ↗

The 5 subtopics

Each one has its own page. CCEA AS Professional Business Services students sit this topic in the first year.

What you need to know

Answer each one before you reveal it.

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Key term

What is a retainer, and why is reputation so important to a professional services firm?

Key term

What does an HR consultancy offer, and how might it help a fast-growing Craigavon manufacturer?

Key term

Define the term tangible good.

Key term

What is a locally operating professional services firm?

Key term

Why might a business use a professional services consultancy?

Key term

What are professional business services?

Key term

What is consultancy?

Key term

What is an intangible service?

Key term

Name two law firms based in Northern Ireland that mainly serve Northern Ireland clients.

Key term

Why is an independent view valuable to a client?

Key term

Why are professional business services described as business-to-business?

Key term

What does a human resources consultancy offer a client?

Key term

Why are professional business services mainly intangible?

Evaluation

Outline the strengths of a local professional services firm.

Key term

How can hiring a consultant save a client money?

Take The Professional Business Services Sector further

The same content, four other ways.

Commonly confused

Pairs that lose marks when they are blurred together.

  • Tangible good vs Intangible service

    Tangible good: a physical product that can be touched, stored and owned. Intangible service: an activity performed for a customer that cannot be touched or stored.

  • Consultancy vs Outsourcing

    Consultancy: independent expert advice, leaving the client to act on it. Outsourcing: handing a whole business function to an outside firm to run.

  • Inseparability vs Perishability

    Inseparability: a service being produced and consumed at the same moment. Perishability: the inability to store unused capacity for later sale.

Questions from this topic

Each one with the model answer underneath.

  1. 1

    What are professional business services?

    Model answer

    Professional business services are expert, knowledge-based services sold to other organisations. Accountancy, law, consultancy, HR and technology services are the main examples.

  2. 2

    Why are professional business services described as business-to-business?

    Model answer

    The clients of professional business services firms are mainly other organisations, not individual consumers. A law firm drafting contracts for a manufacturer provides a business-to-business service.

  3. 3

    What are the main features of the professional business services sector?

    Model answer

    The sector relies on highly qualified staff selling expert advice. Services are tailored to each client, and reputation and trust win most of the work.

  4. 4

    Why are many professions regulated by professional bodies?

    Model answer

    Clients cannot easily judge the quality of expert advice for themselves. A professional body sets entry qualifications, conduct rules and discipline to protect clients.

  5. 5

    Name the bodies that regulate solicitors and represent many chartered accountants in Northern Ireland.

    Model answer

    Solicitors in Northern Ireland are regulated by the Law Society of Northern Ireland. Many chartered accountants in Northern Ireland belong to Chartered Accountants Ireland.

  6. 6

    How do professional business services firms charge for their work?

    Model answer

    A firm may charge an hourly or daily rate for the time its staff spend. Other options are a fixed fee for a defined job or a monthly retainer.

What is inside Levo

Six ways to work the same material.

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Answer cold, learn it, then prove it stuck. Levo tracks the jump between your first attempt and your last.

The Business Environment
The Professional Business Services Sector
The Consultancy Process
Understanding the Client's Market

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AA firm might move its staff to a new office.
BA firm might install a new client database.
CA firm might run a graduate recruitment campaign.

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Equity means the owner's investment in the business.
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Short focus games to reset attention, so the next set lands better than the last.

The Professional Business Services Sector revision questions

Is The Professional Business Services Sector examined at AS in CCEA Professional Business Services?
Yes. It sits in AS 1, which you take in the first year, so it is on the AS paper as well as counting towards the full A level.
What does The Professional Business Services Sector cover in CCEA AS-Level Professional Business Services?
5 subtopics: the nature of professional business services, the range of consultancy services, tangible goods and intangible services, local, national and global firms and why businesses use consultancy services. Each one has its own page with questions and model answers.
How is The Professional Business Services Sector organised?
By the CCEA 3210 specification, subtopic by subtopic, so it matches the order you are taught it in.

Every question in The Professional Business Services Sector, on a schedule.

Attempt a question from memory, write the correct version, then attempt it again. Levo records the jump between your first attempt and your last, and brings each question back on the day you are due to forget it.

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