Download App

Business Services — Business Studies STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceBusiness StudiesBusiness Services3 Marks
Question
Services are those separately identifiable, essentially intangible activities that provide satisfaction to the consumers. In context to business, how can you define services?
✓

Answer

In the context of business, we may define services as all those economic activities that are intangible and imply an interaction between the service provider and the consumer. Business services include banking, insurance, transportation, warehousing, communication, etc. These services help in efficient running of business.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "3 Marks Question" from Business Services→Business Services — all question types→Business Studies STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

State the importance of the bill of lading.
→
Prakash is a petty trader who carry different varieties of fruits on his hand cart and move from one colony to another to sell his merchandise at the doorstep of the customen. State giving reason the type of retailer and its category under which Prakash should be placed.
→
Sanjay Sethupathi took a marine insurance policy to cover the goods exported by him. Under this policy, goods were insured against damage caused due to sea water. During the voyage, a hole was developed at the bottom of the deck of the ship and sea water seeped in through the hole and damaged Sanjay Sethupathi's goods.

Can Sanjay Sethupathi claim compensation for his loss? State the relevant insurance principle in this regard.

→
"Registration of a partnership firm is not to be compulsory but beneficial". Do you agree? Give reasons in support of your answer.
→
Business is a part of society. It must conduct ethical activities. In context to this, explain the meaning of business ethics.
→
"The partners of a partnership firm are jointly and individually liable for the debts of the firm." Discuss.
→
How does the government maintain a regional balance in the country?
→
How does commerce remove the obstacles in exchange of goods and services?
→
Mr. Singh is in ‘lighting’ business for the post 15 years. To help his friend, Mr Yadav, a beginner he projected himself as a partner before Mohd. Abdul, a whole sale dealer of fancy lights. Mohd. Abdul gave Mr. Yadav the stock without asking for payment and gave him credit limit of one month. Will Mr. Singh be liable to Md. Abdul if Mr. Yadav does not pay him on time ? Classify Mr. Singh’s role here along with an explanation 
→
Jyoti wanted to sell her mobile phone but does not get any buyer. On her friends suggestion she posted the mobile on sale on www.olx.com and found a buyer within two days. Name the type of e-business.
→