What is the nature of services in busine | Class 11 Business Studies Chapter Business Services, Business Services NCERT Solutions

Question:

What is the nature of services in business?

Answer:

Services in business are intangible activities that do not result in ownership of goods. They are consumed at the time of delivery and involve a high level of customer interaction.


Study Tips for Answering NCERT Questions:

NCERT questions are designed to test your understanding of the concepts and theories discussed in the chapter. Here are some tips to help you answer NCERT questions effectively:

  • Read the question carefully and focus on the core concept being asked.
  • Reference examples and data from the chapter when answering questions about Business Services.
  • Review previous year question papers to get an idea of how such questions may be framed in exams.
  • Practice answering questions within the time limit to improve your speed and accuracy.
  • Discuss your answers with your teachers or peers to get feedback and improve your understanding.

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Welcome to the NCERT Solutions for Class 11 Business Studies - Chapter . This page offers a step-by-step solution to the specific question from Extra Questions, Question 1: What is the nature of services in business?....