BUSINESS SUPPORT SERVICES
Have you ever observed the various activities performed by a businessman while
Hcarrying out the business operations? Look at the grocery shop of your locality.
What does the owner do? He arranges funds, buys goods from the main market, carries
those goods to his shop, stores those systematically and sells to the customers as per their
demand. While doing all these activities the owner or the businessman needs various help
or support from others. For example, he may take loan from bank, hire a tempo or truck
in carrying the goods and so on. Thus, to carry out any business activity successfully
various support services are required. Let us have an idea about those services and their
operations. In this lesson we shall learn about the basic aspects like the meaning, importance
After studying this lesson you will be able to:
- explain the concept of business support services;
- identify various types of services;
- explain the importance of banking;
- identify different types of banks and the functions of a commercial bank;
- explain the importance and types of insurance;
- describe the meaning, importance and modes of transportation;
- explain the concept of communication, its importance and various means used for
communicating; - describe the meaning and importance of warehousing;
- identify the various types of warehouses; and
- explain the functions of warehous