Functional and non-functional testing of Web services is done with the help of WSDL parsing. Regression testing is performed by identifying the changes made to upgrade software. Web service regression testing needs can be categorized in three different ways, namely, changes in WSDL, changes in the code, and selective re-testing of operations. We can capture the above three needs in three intermediate forms of Subset WSDL,[7] namely, Difference WSDL (DWSDL), Unit WSDL (UWSDL), and Reduced WSDL (RWSDL), respectively. These three Subset WSDLs are then combined to form Combined WSDL (CWSDL) that is further used for regression testing of the Web service. This will help in Automated Web Service Change Management (AWSCM),[10] by performing the selection of the relevant test cases to construct a reduced test suite from the old test suite. [11]
Exposing Business Functionality on the network - A web service is a unit of managed code that provides some sort of functionality to client applications or end users. This functionality can be invoked over the HTTP protocol which means that it can also be invoked over the internet. Nowadays all applications are on the internet which makes the purpose of Web services more useful. That means the web service can be anywhere on the internet and provide the necessary functionality as required. 

"All the standard Web Services works using following components:" ... the problem with this answer is that it suggests that web services do or must operate within the SOAP/WSDL mechanism. This is inaccurate. Representational State Transfer (REST) is another very popular paradigm for implementing web services. Some major websites have deprecated their SOAP services in favor of REST web services. – scottb Jul 7 '15 at 15:50
You'll receive a WhoisGuard subscription absolutely FREE with every eligible domain registration or transfer. WhoisGuard subscription expiration is based on purchase date rather than activation date. WhoisGuard provides subscription pursuant to its Services Agreement with Namecheap. Terms and conditions apply. Visit the WhoisGuard page for details.
The gaining Registrar must obtain express authorization from either the Registered Name Holder or the Administrative Contact. A transfer may only proceed if confirmation of the transfer is received by the gaining Registrar from one of these contacts. The authorization must be made via a valid Standardized Form of Authorization, which may be sent e.g. by e-mail to the e-mail addresses listed in the WHOIS. The Registered Name Holder or the Administrative Contact must confirm the transfer. The new registrar starts electronically the transfer of the domain with the help of the authentication code (auth code).
^ Mockapetris, P.V. (November 1987). "Domain names - concepts and facilities" (HTML). IETF Documents. IETF. doi:10.17487/RFC1034. Retrieved 24 July 2017. Relative names are either taken relative to a well known origin, or to a list of domains used as a search list. Relative names appear mostly at the user interface, where their interpretation varies from implementation to implementation, and in master files, where they are relative to a single origin domain name. The most common interpretation uses the root "." as either the single origin or as one of the members of the search list, so a multi-label relative name is often one where the trailing dot has been omitted to save typing.
Web services are a key component in "mashups". Mashups are when information from many websites is automatically aggregated into a new and useful service. For example, there are sites that aggregate Google Maps with information about police reports to give you a graphical representation of crime in your area. Another type of mashup would be to take real stock data provided by another site and combine it with a fake trading application to create a stock-market "game".
A web service is something that a website chooses to offer to those who wish to read, update and/or delete data from your website. You might call it a "backdoor" to your data. Instead of presenting the data as part of a webpage it is provided in a pre-determined way where some of the more popular are XML and JSON. There are several ways to communicate with a webservice, some use SOAP, others have REST'ful web services, etc.
A directory called UDDI (Universal Description, Discovery, and Integration) defines which software system should be contacted for which type of data. So when one software system needs one particular report/data, it would go to the UDDI and find out which other systems it can contact for receiving that data. Once the software system finds out which other systems it should contact, it would then contact that system using a special protocol called SOAP (Simple Object Access Protocol). The service provider system would first validate the data request by referring to the WSDL file, and then process the request and send the data under the SOAP protocol. 

A web service always hides the internal complexity of the service to its clients. For an example, an airliner which is selling tickets via a third party portal is only gathering end user info via a web service and in return it is providing ticket. The portal which is selling ticket doesn't have to bother about the internal complexity of the airlines ticket reservation systems.
The end user verifies that the whois admin contact info is correct, particularly the email address; obtains the authentication code (EPP transfer code) from the old registrar, and removes any domain lock that has been placed on the registration. If the whois information had been out of date and is now updated, the end-user should wait 12–24 hours before proceeding further, to allow time for the updated data to propagate.

Web services are almost like normal a web page. The difference is that they are formatted to make it very easy for a program to pull data from the page, to the point of probably not using any HTML. They generally also are more reliable as to the consistency of the format, may use a different formal process to define the content such soap or raw xml, and there is often also a descriptor document that formally defines the structure for the data.
A web service is something that a website chooses to offer to those who wish to read, update and/or delete data from your website. You might call it a "backdoor" to your data. Instead of presenting the data as part of a webpage it is provided in a pre-determined way where some of the more popular are XML and JSON. There are several ways to communicate with a webservice, some use SOAP, others have REST'ful web services, etc.
Web services use something known as SOAP (Simple Object Access Protocol) for sending the XML data between applications. The data is sent over normal HTTP. The data which is sent from the web service to the application is called a SOAP message. The SOAP message is nothing but an XML document. Since the document is written in XML, the client application calling the web service can be written in any programming language.
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