Define services and goods. | Class 11 Business Studies Chapter Business Services, Business Services NCERT Solutions

Question:

Define services and goods.

Answer:

Services: Services are defined as all those economic activities which are intangible and imply an interaction to be realised between service provider and the consumer.
Goods: A goods is defined as the physical product capable of being delivered to a purchaser and that involves the transfer of ownership from seller to the customer. Goods also generally used to refer to commodities or items of all the types, excepting services, being involved in trade or commerce.


< Previous Question

Next Question >

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.

Comments

Comment(s) on this Question

Welcome to the NCERT Solutions for Class 11 Business Studies - Chapter . This page offers a step-by-step solution to the specific question from Excercise 1 , Question 1: Define services and goods.....

Chapters for Class 11 Business Studies

Subjects for Class 11


Notice: Undefined index: pageType in /var/www/html/ss_beta/saralstudy/ss_new/web/template/common/class_sidebar.php on line 45

Students Also Read

Important links

Quick Links

Resources

Support