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Understanding the Market — Entrepreneurship STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEntrepreneurshipUnderstanding the Market3 Marks
Question
What do you mean by tertiary industry?
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Answer

Service industry comprises of activities concerned with the rendering of services which help other businesses. These serve as the back bone of modern industrial system. They help in removing various hindrances which arise during the production and distribution of goods and services and deals with:
  1. Transport facilitates,
  2. Banking;
  3. Insurance,
  4. Warehousing;
  5. Advertising.

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