Background Intelligent Transfer Service (BITS) will not start ERR 1068

So, when troubleshooting a Windows Update error (Code 80246008) I found that the problem seems to be that the BITS service isn't running. When attempting to start the BITS service from the Services > BITS > Properties panel, it shoots an error dialogue box reading "Windows could not start the Background Intelligent Transfer Service service on Local Computer. Error 1068: The dependency...