Final answer:
To establish a Service Provider, one must define the service offering, set up account management, develop a billing system, provide customer support, ensure legal compliance, and create a reliable service delivery platform.
Step-by-step explanation:
To establish a Service Provider before usage transactions can be created, several key components must first be in place. Initially, one must define the service offering, including the scope, pricing, and terms of service. Then, it's essential to set up an account management system to track customer information and service usage. Following this, you need to develop a billing and invoicing system capable of handling the complexity of usage-based transactions. This system is crucial as it enables the provider to charge for services rendered. Moreover, a support infrastructure must be established to assist customers with any issues that may arise. Compliance with legal and regulatory requirements is also mandatory to operate within the framework of the law. Lastly, an efficient and reliable delivery platform must be created to ensure high-quality service provision.