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First of all, a business service is made up of components that can include, for example, applications, servers, network devices, and storage gear. Next, defining the business service requires mapping, which involves building the associations for an application and the underlying components supporting that application.
Providers of Web services are generally known as application service provider s. Web services range from such major services as storage management and customer relationship management ( CRM ) down to much more limited services such as the furnishing of a stock quote and the checking of bids for an auction item.