Ch 4Business Services — Class 12 Organisation of Commerce and Management, concept-first.

Business Services is the fourth chapter of the Maharashtra State Board (MSBSHSE) HSC Commerce syllabus for Organisation of Commerce and Management, and it is the single most important chapter in the s…

In everyday business, a firm either sells a physical product (a good) or performs an activity that satisfies a need without handing over a physical product (a service).

A bank is a financial institution licensed to accept deposits of money from the public and lend that money out to those who need it, earning income mainly from the difference between the interest it p…

Insurance is a contract under which one party (the insurer, usually an insurance company) promises, in exchange for a payment called a premium, to compensate another party (the insured) for a specifie…

Transport is the business service that physically moves raw materials, goods, and people from one place to another.

Warehousing is the business service of storing goods safely between the time they are produced (or purchased) and the time they are actually needed or sold.

Communication is the business service through which information, messages, orders, and documents pass between a business and its customers, suppliers, employees, and other stakeholders.

Sample papers and previous-year board questions for this subject.