Explain variouse type of services
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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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1. Financial Services:
Banks provide financial services to their customers. Accepting deposits and granting loans are the examples of financial services.
2 Personal Services:
These Services are rendered by beauty parlours tailors and dry cleaners etc.
3. Insurance Services:
These include life and non-life insurance services provided by different companies like the LIC new India assurance Co. Ltd and so on.
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