Describe the importance of insurance in | Class 11 Business Studies Chapter Business Services, Business Services NCERT Solutions

Question:

Describe the importance of insurance in business.

Answer:

Insurance provides financial security against unexpected losses, ensures business continuity, and promotes a sense of safety. It also helps companies manage risks and focus on growth without worrying about potential damages.

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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:

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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.
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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 6: Describe the importance of insurance in business.....

Describe the importance of insurance in | Class 11 Business Studies Chapter Business Services, Business Services NCERT Solutions

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