You can also create "Sub-servers" and "Alias" servers. Alias servers are useful if for example you have both a ".com" and a ".co.uk" domain - website visitors and mail users can use either domain and will see the same website or reach the same mailbox. Sub-servers are useful if one administrator is managing several different sites - if they all have the same owner then there's no need to log in and out to move between them.
Similarly, in a real dedicated server, you will pay for the entire server that is not shared with anyone else. You will get complete control over all services. Unfortunately, it is also the most expensive hosting option and needs some technical expertise to manage. It is commonly used by those who have websites with specific scenarios, most commonly extremely high traffic and tight security requirements.
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