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प्रश्न
Insurance and banking are examples of ______.
विकल्प
Services
Products
Warehouses
Distribution channels
उत्तर
Insurance and banking are examples of Services.
Explanation:
Insurance and banking are services because they provide intangible benefits and utilities to consumers. They involve delivering specialized assistance and financial management rather than physical products. Services are characterized by their intangibility, perishability, and the simultaneous production and consumption process.
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