1. A business where a seller helps the buyer to finish some work is called_____
Answers
Answer:
Trade is a basic economic concept involving the buying and selling of goods and services, with compensation paid by a buyer to a seller, or the exchange of goods or services between parties. Trade can take place within an economy between producers and consumers.
Answer: A business where a seller helps the buyer to finish some work is called a service business.
Explanation:
Instead of providing a tangible product to the customer in this sort of business, the seller offers a service. The seller employs their skills and experience to help the buyer finish a project or realise a certain objective.
Consulting firms, accounting firms, legal firms, and marketing agency are a few examples of service enterprises. These companies provide their services to customers that require assistance with a variety of responsibilities, like financial planning, legal counsel, or marketing strategy.
The success of a service firm may be significantly influenced by the calibre of the services offered, which is one of its essential characteristics. While bad service can result in unfavourable evaluations and a loss of clients, good service can encourage repeat business and positive word-of-mouth.
In general, a service firm is more concerned with helping the customer than it is with dispensing a tangible good. The calibre of services offered is frequently directly correlated with business performance.
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