CBSE Class 11 Business Studies - Business Services Part A

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CBSE Class 11 Business Studies - Business Services Part A. Learning the important concepts is very important for every student to get better marks in examinations. The concepts should be clear which will help in faster learning. The attached concepts made as per NCERT and CBSE pattern will help the student to understand the chapter and score better marks in the examinations.

CHAPTER - 4

BUSINESS SERVICES

· Introduction 

The chapter Business Services gives you a brief introduction to the characteristics of business services, the difference between services and goods, classification on types of business services, the concept of e-banking, identification and classification of types of insurance policies and the description of different types of warehouses.

· Definition 

Auxiliaries to trade are also known as business services. Service sector includes commercial firms engaged in banking, communication, transport, insurance and warehousing. Business cannot be even imagined in the absence of these services. All these services collectively constitute the Service Sector.

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