Which type of business focuses on providing services rather than goods?

The correct answer is focused on the service industries, which specifically provide services to consumers or other businesses rather than producing physical goods. This includes sectors such as healthcare, education, finance, hospitality, and entertainment, among others. Service industries are characterized by their performance of work or assistance that meets the needs and preferences of customers, enhancing their experience often through personal interaction or expertise.

In contrast, manufacturing industries primarily focus on producing goods through the transformation of raw materials. Light industries involve less resource-intensive processes and may still focus on goods rather than services. Retail businesses, while they do involve customer service, mainly operate as intermediaries that sell goods rather than primarily providing services. Therefore, the clarification of these distinctions highlights why the service industries are accurately identified as the primary type of business focusing on services.