Yes, they are highly popular and cost-effective solutions for many small-to-medium businesses. They are ideal for high-street shops, schools, restaurants, hotels, warehouses, and small event management teams.
However, if your business operates across a massive construction site, handles heavy security in concrete buildings, or requires completely private, encrypted channels over long distances, you may want to look into licensed business radios (which operate at higher power limits up to 5 Watts).