Explain the term services and give example of any two business services. [1]
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Explanation:
Business Services
The first type of service is business services. The most basic definition would be services that support the daily functioning and activity of any business but is not a commodity. Take for example IT services. Some such services are Banking, warehousing, insurance, communication, transport etc.
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India is growing extremely competitive and giving a tough competition to other countries when it comes to providing services. A large number of foreign country prefer India as their hosting partner for business services, sometimes they even prefer to open a branch office.
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