Business Services in 1 Shot: Class 11th | Business Studies π₯
Commerce Wallah by PWγ»2 minutes read
Services are intangible, vital to business operations, social welfare, and personal satisfaction, with differences in banking services and insurance policies outlined in detail. Various types of accounts, payment methods, and banking services, like debit cards and credit cards, are explained, along with digital banking options like NEFT, RTGS, and internet banking.
Insights
- Services are intangible, valuable, and satisfy consumer needs, lacking physical ownership and requiring interaction between providers and consumers for delivery.
- Inconsistency, exclusivity, and inseparability are key features of services, highlighting the personalized nature and close connection between service providers and the services offered.
- Banking services encompass various account types, credit facilities, and money transfer options, including Demand Drafts and Internet Banking, providing convenience and accessibility for customers.
Get key ideas from YouTube videos. Itβs free
Recent questions
What are the main categories of services?
Business, social, personal
What are the different types of bank accounts?
Savings, current, fixed deposit, recurring deposit
What are the key features of debit cards?
Linked to bank account, PIN authentication, limited transactions
What are the benefits of Internet Banking?
Transparency, 24/7 availability, financial discipline
What are the principles of insurance?
Good faith, insurable interest, indemnity
Related videos
Easy Peasy Finance
What is a Financial Institution: Finance 101? Easy Peasy Finance for Kids and Beginners
DWIVEDI GUIDANCE
Commercial Banks : Meaning, Types, Functions of commercial banks, Currency banking and Exchange bcom
Commerce Wallah by PW
Money and Banking in One Shot | Class 12th Commerce | CUET Crash Course
Officers Adda247 - JAIIB CAIIB
JAIIB PPB Module A Concept + Questions #1 | JAIIB 2024 Online Classes | JAIIB Oct 2024
Think in Tamil
TN state board | 11 Commerce | Chapter 19 | SOURCES OF BUSINESS FINANCE | Part - 1 | Tamil