Question: What do you mean by business services Class 11?

What do you mean by business services?

Business services is a general term that describes work that supports a business but does not produce a tangible commodity. … A good business service aligns IT assets with the needs of a company’s employees and customers and support business goals, facilitating the ability of the company to be profitable.

What is business services in business studies?

Business services are referred to as the activities that assist business yet does not deliver a tangible commodity. For instance, Information technology is one such business service that supports various other business services such as shipping, procurement and finance.

What do you mean by business services explain any two?

Business services are provided to customers supporting their needs sometimes through the support for a business process or directly supporting a business or product delivered to end customers. Some of the examples of business services are Banking, Insurance, Transport, Warehousing and Communication.

What are business services answer in one sentence?

Business Services is a general term that describes work that supports a bussiness but does not produce a tangible commodity.

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What do we mean by services?

A service is a transaction in which no physical goods are transferred from the seller to the buyer. … Using resources, skill, ingenuity, and experience, service providers benefit service consumers. Service is intangible in nature.

Which among these is a service business?

Examples of service businesses include companies engaged in transport, food service, distribution, retail, and other industries that sell services rather than products. These intangibles provide the primary revenue source for service businesses.

What are services and its characteristics Class 11?

Features of services are as follows: (i) Intangible: Services are intangible as they cannot be seen or touched. … (ii) Inseparable: Services have to be produced and used simultaneously. Unlike goods, which are produced today for sale later, services have to be used at the same time as they are made available.

What do you mean by business services and explain their distinct characteristics?

Intangibility : Services are intangible, i.e., they cannot be touched. They are experimental in nature. One cannot taste a doctor’s treatment or touch entertainment. One can only experience it.

What is services explain different types of services?

Services are diversified in three groups; Business services, social services and personal services. Business services are the services used by businesses to conduct their business activities. … Personal services, is a service wherein every customer will have a different need.

What is Business Service Brainly?

Business Service – A service that is delivered to business customers by business units. For example, delivery of financial services to customers of a bank, or goods to the customers of a retail store.

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