CBSE Class 11 Business Studies Syllabus
CBSE Class 11 Business Studies Syllabus Term (1 & 2) 2023-2024
The CBSE Class 11 Business Studies syllabus has been released for the academic year 2023-2024. Business studies is an important subject for students pursuing Commerce. The course in Business Studies prepares students to analyse, manage, evaluate and respond to changes which affect business. In addition, the course makes the students understand how business influences and is itself influenced by social, political, legal and economic forces.
After completing the Business Studies course, students will be able to appreciate the fact that business is an integral part of society and develop an understanding of many social and ethical issues.
The Syllabus is Available on Extramarks
The syllabus of Business Studies Class 11 CBSE 2023-24 PDF can easily be accessed from the Extramarks website. Students need not look elsewhere as the term wise syllabus is available at the click of a button.
A Bird’s Eye View of the Syllabus
The CBSE Syllabus for Class 11 Business Studies is a valuable study resource for CBSE students. It narrows down the subject information to be studied during that academic year. Moreover, diligently following the CBSE syllabus is the key to excellence in the board examinations as most of the CBSE board questions are picked from the NCERT books. The CBSE Class 11 Business Studies syllabus provides a bird’s eye view of the entire syllabus. . Business Studies might appear to be a challenging subject, and therefore it is advisable for students to stick to the NCERT books prescribed by the CBSE guidelines.
Business Studies Syllabus Class XI
Before starting your studies, it will be helpful if you refer to the Business Studies syllabus Class 11 CBSE 2023-24 for the following reasons:
- Reading the syllabus gives you an overall idea of the chapter/topic that one needs to study.
- Reading the syllabus will help students steer their efforts in the right direction, and stay focussed and will also help them to stay away from other resources and save time.
- It will provide an insight into what to read and what to ignore, and that saves time.
- Reading the CBSE syllabus for Class 11 Business Studies will also clear all confusions regarding Term 1 and Term 2 chapters.
CBSE Class 11 Business Studies Syllabus Term (1 & 2) 2023-2024
Business studies courses are introduced at the plus two stages of Senior Secondary Education after completing primary and middle school. The topics have been included in a way that ensures students have a solid understanding of the rules and conventions that govern business (trade and industry), and how these relate to society.
Syllabus of Business Studies Class 11
The CBSE Class 11 Business Studies syllabus consists of 80 points for theoretical work and 20 points for project work. CBSE systematically shows the breakdown of grades in each chapter.
The syllabus of Business Studies Class 11 aims to include aspects like information technology skills, e-business, etc. to provide basic knowledge of business. The syllabus consists of Part A: Foundations of Business and Part B: Finance and Trade. The various units and topics included in these parts are mentioned below.
Project Work
The project will enable the student to enjoy studies and use their leisure time effectively in observing what’ is happening around the world. Through project work, students are exposed to experiences outside of the classroom and given the chance to consult resources, gather knowledge, examine it to determine its application, and choose what to retain. The project may be done in a group or individually. The various projects one can undertake according to the CBSE guidelines are as follows:
- Project One: Field Visit
- Visit to a hHandicraft unit.
- Visit to an iIndustry
- Visit to a wWholesale market (vegetables, fruits, flowers, grains, garments, etc.)
- Visit to a dDepartmental store
- Visit to a mMall.
- Project Two: Case Study on a Product
- Research for change in price of the product. For example, apples in Himachal Pradesh during the plucking and non-plucking season.
- Effect on prices in the absence of an effective transport system.
- Effect on prices in the absence of suitable warehouse facilities.
- Duties performed by the warehouses.
- Demand and supply situation of the product during the harvesting season, prices near the place of origin and away.
- Project Three: Aids to Trade
- Project Four: Import /Export Procedure
- Project Five: A visit to any State Emporium (other than your school state).
At the end of the term, every student will have to prepare and submit their project report. Preparing and submitting the project should be as per the following guidelines:
- The entire project will be in a file format, consisting of the recordings of the value of shares and the graphs.
- The project must be handwritten.
- The project must be presented in a neat folder.
Part A: Foundations of Business
Concept includes meaning and features
Unit 1: Evolution and Fundamentals of Business
1) History of Trade and Commerce in India: Indigenous Banking System, Rise of Intermediaries, Transport, Trading Communities: Merchant Corporations, Major Trade Centres, Major Imports and Exports, Position of Indian Sub-Continent in the World Economy.
2) Business – meaning and characteristics
3) Business, profession, and employment cConcepts
4) Objectives of business
5) Classification of business activities – Industry and Commerce
6) Industry types – primary, secondary, tertiary mMeaning and subgroups
7) Commerce-trade – types-internal, external, wholesale and retail and auxiliaries to trade; banking, insurance, transportation, warehousing, communication and advertising – meaning
8) Business Risk-ConceptUnit 2: Forms of Business organisations
1) Sole Proprietorship – Concept, merits and limitations.
2) Partnership – Concept, types, merits and limitations of partnership, registration of a partnership firm, partnership deed. Types of partners
3) Hindu Undivided Family Business – Concept
4) Cooperative Societies – Concept, merits and limitations
5) Company – Concept, merits, and limitations; Types: Private, Public and One Person Company – Concept
6) Formation of company – stages, important documents to be used in formation of a company
Unit 3: Public, Private and Multinational Company
1) Public sector and private sector enterprises – Concept
2) Forms of public sector enterprises – Departmental Undertakings, Statutory Corporations and Government Company
Unit 4: Business Services
1) Business services – meaning and types. Banking: Types of bank accounts – savings, current, recurring, fixed deposit and multiple option deposit account
2) Banking services with particular reference to Bank Draft, Bank Overdraft, Cash credit. E-Banking meaning, Types of digital payments
3) Insurance – Principles; types – life, health, fire, and marine insurance – concept
Unit 5: Emerging Modes of Business
1) E-business: concept, scope and benefits
Unit 6: Social Responsibility of Business and Business Ethics
1) Concept of social responsibility
2) Case of social responsibility
3) Responsibility towards owners, investors, consumers, employees, government and community
4) Role of business in environment protection
Part B: Finance and Trade
Unit 7: Sources of Business Finance
1) Business finance – Concept and Importance
2) Owners’ funds – equity shares, preferences share, retained earnings, Global Depository receipt (GDR), American Depository Receipt (ADR) and International Depository Receipt (IDR) – concept
3) Borrowed funds – debentures and bonds, loan from financial institution and commercial banks, public deposits, trade credit
Unit 8: Small Business and Entrepreneurship Development
1) Entrepreneurship Development (ED) – Concept, Characteristics and Need. Process of Entrepreneurship Development: Start-up India Scheme, ways to fund start-up. Intellectual Property Rights and Entrepreneurship
2) Small scale enterprise as defined by MSMED Act 2006 (Micro, Small and Medium Enterprise Development Act)
3) Role of small business in India with special reference to rural areas
4) Government schemes and agencies for small scale industries – National Small Industries Corporation (NSIC) and District Industrial Centre (DIC) with special reference to rural, backward areas
Unit 9: Internal Trade
1) Internal trade – meaning and types of services rendered by a wholesaler and a retailer
2) Large scale retailers-Departmental stores, chain stores – concept
Unit 10: International Trade
1) International trade – concept and benefits
CBSE Syllabus for Class 11 Business Studies Term 1 (2023-2024)
Theory: 40 marks
Duration: 90 minutes
MCQ based question paper
Unit | Topic | Marks |
Part A: Foundations of Business | ||
1 | Evolution and Fundamentals of Business | 16 |
2 | Forms of Business Organisations | |
3 | Public, Private and Global Enterprises | 14 |
4 | Business Services | |
5 | Emerging Modes of Business | 10 |
6 | Social Responsibility of Business and Business Ethics | |
Total | 40 | |
Project Work (Part -1) | 10 |
Students need to prepare only one project in the entire academic session, which is divided into 2 terms i.e., Term 1 and Term 2.
CBSE Syllabus for Class 11 Business Studies Term 2
Theory: 40 marks
Duration: 2 hours
Subjective Question Paper
Unit | Topic | Marks |
Part B: Finance and Trade | ||
1 | Sources of Business Finance | 20 |
2 | Small Business and Entrepreneurship Development | |
3 | Internal Trade | 20 |
4 | International Business | |
Total | 40 | |
Project Work (Part- 2) | 10 |
Benefits of Class 11th Business Studies Syllabus
The benefits of having CBSE Class 11 Business Studies syllabus are as follows:
- Students can begin their preparations early by following the CBSE curriculum, which will enable them to do well on the test and clear their doubts simultaneously.. .
- Students will find it easy to approach the subject with the syllabus in hand. Along with the NCERT textbook, students should solve questions from Extramarks resource materials to build a strong foundation.
- The syllabus provides an insight to stay focussed and to hone one’s study strategies to improve their academic scores.
- It gives detailed information of the paper pattern and chapters concerned as well as the objectives behind reading the chapters.
BUSINESS STUDIES (Code No. 054)
Rationale
The courses in Business Studies and Accountancy are introduced at + 2 stage of Senior Secondary Education as formal commerce education is provided after first ten years of schooling. Therefore, it becomes necessary that instructions in these subjects are given in such a manner that students have a good understanding of the principles and practices bearing in business (trade and industry) as well as their relationship with the society.
Business is a dynamic process that brings together technology, natural resources and human initiative in a constantly changing global environment. To understand the framework in which a business operates, a detailed study of the organisation and management of business processes and its interaction with the environment is required. Globalisation has changed the way organizations transact their business.
Information Technology is becoming a part of business operations in more and more organisations. Computerised systems are fast replacing other systems. E-business and other related concepts are picking up fast which need to be emphasized in the curriculum.
The course in Business Studies prepares students to analyse, manage, evaluate and respond to changes which affect business. It provides a way of looking at and interacting with the business environment. It recognizes the fact that business influences and is influenced by social, political, legal and economic forces.
It allows students to appreciate that business is an integral component of society and develops an understanding of many social and ethical issues.
Therefore, to acquire basic knowledge of the business world, a course in Business Studies would be useful. It also informs students of a range of study and work options and bridges the gap between school and work.
Objectives:
- To inculcate business attitude and develop skills among students to pursue higher education, world of work including self
- To develop students with an understanding of the processes of business and its environment;
- To acquaint students with the dynamic nature and inter-dependent aspects of business;
- To develop an interest in the theory and practice of business, trade and industry;
- To familiarize students with theoretical foundations of the process of organizing and managing the operations of a business firm;
- To help students appreciate the economic and social significance of business activity and the social cost and benefits arising there from;
- To acquaint students with the practice of managing the operations and resources of business;
- To enable students to act more effectively and responsibly as consumers, employers, employees and citizens;
BUSINESS STUDIES (Code No. 054) CLASS–XI (2022-23)
Theory: 80 Marks 3 Hours
Project: 20 Marks
Units | Periods | Marks | |
Part A | Foundations of Business | ||
1 | Nature and Purpose of Business | 18 | 16 |
2 | Forms of Business Organisations | 24 | |
3 | Public, Private and Global Enterprises | 18 | 14 |
4 | Business Services | 18 | |
5 | Emerging Modes of Business | 10 | 10 |
6 | Social Responsibility of Business and Business Ethics | 12 | |
Total | 100 | 40 | |
Part B | Finance and Trade | ||
7 | Sources of Business Finance | 30 | 20 |
8 | Small Business | 16 | |
9 | Internal Trade | 30 | 20 |
10 | International Business | 14 | |
Total | 90 | 40 | |
Project Work (One) | 30 | 20 |
Part A: Foundation of Business
Concept includes meaning and features
Unit 1: Evolution and Fundamentals of Business
Content | After going through this unit, the
student/ learner would be able to: |
History of Trade and Commerce in India: Indigenous Banking System, Rise of Intermediaries, Transport, Trading Communities: Merchant Corporations, Major Trade Centres, Major Imports and Exports, Position of Indian Sub-Continent
in the World Economy. |
· To acquaint the History of Trade and Commerce in India |
Business – meaning and characteristics |
· Understand the meaning of business with special reference to economic and non-economic activities.
· Discuss the characteristics of business. |
Business, profession and employment- Concept | · Understand the concept of business, profession and employment.
· Differentiate between business, profession and employment. |
Objectives of business | · Appreciate the economic and social objectives of business.
· Examine the role of profit in business. |
Classification of business activities – Industry and Commerce | · Understand the broad categories of
business activities- industry and commerce. |
Industry-types: primary, secondary, tertiary Meaning and subgroups | · Describe the various types of industries. |
Commerce-trade: (types-internal, external; wholesale and retail) and auxiliaries to trade; (banking, insurance, transportation, warehousing, communication, and advertising) – meaning | · Discuss the meaning of commerce, trade and auxiliaries to trade.
· Discuss the meaning of different types of trade and auxiliaries to trade. · Examine the role of commerce- trade and auxiliaries to trade. |
Business risk-Concept |
· Understand the concept of risk as a special characteristic of business.
· Examine the nature and causes of business risks. |
Unit 2: Forms of Business organizations
Sole Proprietorship-Concept, merits and limitations. | · List the different forms of business organizations and understand their meaning.
· Identify and explain the concept, merits and limitations of Sole Proprietorship. |
Partnership-Concept, types, merits and limitation of partnership, registration of a partnership firm, partnership deed. Types of partners | · Identify and explain the concept, merits and limitations of a Partnership firm.
· Understand the types of partnership on the basis of duration and on the basis of liability. · State the need for registration of a partnership firm. · Discuss types of partners –active, sleeping, secret, nominal and partner by estoppel. |
Hindu Undivided Family Business: Concept | · Understand the concept of Hindu Undivided Family Business. |
Cooperative Societies-Concept, merits, and limitations. | · Identify and explain the concept, merits and limitations of Cooperative Societies.
· Understand the concept of consumers, producers, marketing, farmers, credit and housing co- operatives. |
Company – Concept, merits and limitations; Types: Private, Public and One Person Company – Concept | · Identify and explain the concept, merits and limitations of private and public companies.
· Understand the meaning of one person company. · Distinguish between a private company and a public company. |
Formation of company – stages, important documents to be used in formation of a company | · Highlight the stages in the formation of a company.
· Discuss the important documents used in the various stages in the formation of a company. |
Choice of form of business organization | · Distinguish between the various forms of business organizations.
· Explain the factors that influence the choice of a suitable form of business organization. |
Unit 3: Public, Private and Global Enterprises
Public sector and private sector enterprises – Concept | · Develop an understanding of Public
sector and private sector enterprises |
Forms of public sector enterprises: Departmental Undertakings, Statutory
Corporations and Government Company. |
· Identify and explain the features, merits and limitations of different
forms of public sector enterprises |
Global Enterprises – Feature. Public private partnership – concept | · Develop an understanding of global enterprises, public private partnership by studying their
meaning and features. |
Unit 4: Business Services
Business services – meaning and types. Banking: Types of bank accounts – savings, current, recurring, fixed deposit and multiple option deposit account | · Understand the meaning and types of business services.
· Discuss the meaning and types of Business service Banking · Develop an understanding of difference types of bank account. |
Banking services with particular reference to Bank Draft, Bank Overdraft, Cash credit.
E-Banking meaning, Types of digital payments |
· Develop an understanding of the different services provided by banks |
Insurance – Principles. Types – life, health, fire and marine insurance – concept | · Recall the concept of insurance
· Understand Utmost Good Faith, Insurable Interest, Indemnity, Contribution, Doctrine of Subrogation and Causa Proxima as principles of insurance · Discuss the meaning of different |
types of insurance-life, health, fire, marine insurance. | |
Postal Service – Mail, Registered Post,
Parcel, Speed Post, Courier – meaning |
· Understand the utility of different telecom services |
Unit 5: Emerging Modes of Business
E – business: concept, scope and benefits | · Give the meaning of e-business.
· Discuss the scope of e-business. · Appreciate the benefits of e- business · Distinguish e-business from traditional business. |
Unit 6: Social Responsibility of Business and Business Ethics
Concept of social responsibility | · State the concept of social responsibility. |
Case of social responsibility | · Examine the case for social responsibility. |
Responsibility towards owners, investors,
consumers, employees, government and community. |
· Identify the social responsibility towards different interest groups. |
Role of business in environment protection | · Appreciate the role of business in environment protection. |
Business Ethics – Concept and Elements | · State the concept of business ethics.
· Describe the elements of business ethics. |
Part B: Finance and Trade
Unit 7: Sources of Business Finance
Concept of business finance | · State the meaning, nature and importance of business finance. |
Owners’ funds- equity shares, preferences share, retained earnings | · Classify the various sources of funds into owners’ funds.
· State the meaning of owners’ funds. |
Borrowed funds: debentures and bonds, loan from financial institution and commercial banks, public deposits, trade credit, Inter Corporate Deposits (ICD). | · State the meaning of borrowed funds.
· Discuss the concept of debentures, bonds, loans from financial institutions and commercial banks, Trade credit and inter corporate deposits. · Distinguish between owners’ funds and borrowed funds. |
Unit 8: Small Business and Enterprises
Entrepreneurship Development (ED): Concept, Characteristics and Need. Process of Entrepreneurship Development:
Start-up India Scheme, ways to fund start-up. Intellectual Property Rights and Entrepreneurship |
· Understand the concept of Entrepreneurship Development (ED), Intellectual Property Rights |
Small scale enterprise as defined by MSMED Act 2006 (Micro, Small and Medium Enterprise Development Act) | · Understand the meaning of small business |
Role of small business in India with special reference to rural areas | · Discuss the role of small business in India |
Government schemes and agencies for small scale industries: National Small Industries Corporation (NSIC) and District Industrial Centre (DIC) with special reference to rural, backward areas | · Appreciate the various Government schemes and agencies for development of small scale industries. NSIC and DIC with
special reference to rural, backward area. |
Unit 9: Internal Trade
Internal trade – meaning and types services rendered by a wholesaler and a retailer | · State the meaning and types of internal trade.
· Appreciate the services of wholesalers and retailers. |
Types of retail-trade-Itinerant and small scale fixed shops retailers | · Explain the different types of retail trade. |
Large scale retailers-Departmental stores, chain stores – concept | · Highlight the distinctive features of departmental stores, chain stores and mail order business. |
GST (Goods and Services Tax): Concept and key-features | · Understand the concept of GST |
Unit 10: International Trade
International trade: concept and benefits | · Understand the concept of international trade.
· Describe the scope of international trade to the nation and business firms. |
Export trade – Meaning and procedure | · State the meaning and objectives of export trade.
· Explain the important steps involved in executing export trade. |
Import Trade – Meaning and procedure | · State the meaning and objectives |
of import trade.
· Discuss the important steps involved in executing import trade. |
|
Documents involved in International Trade; indent, letter of credit, shipping order, shipping bills, mate’s receipt (DA/DP) | · Develop an understanding of the various documents used in international trade.
· Identify the specimen of the various documents used in international trade. · Highlight the importance of the documents needed in connection with international trade transactions |
World Trade Organization (WTO) meaning and objectives | · State the meaning of World Trade Organization.
· Discuss the objectives of World Trade Organization in promoting international trade. |
Unit 11: Project Work
As per CBSE guidelines.
Suggested Question Paper Design Business Studies
(Code No. 054) Class XI (2022-23)
March 2023 Examination
Marks: 80 Duration: 3 hrs.
SN | Typology of Questions | Marks | Percentage |
1 |
Remembering and Understanding:
Exhibit memory of previously learned material by recalling facts, terms, basic concepts, and answers. Demonstrate understanding of facts and ideas by organizing, comparing, translating, interpreting, giving descriptions, and stating main ideas |
44 |
55% |
2 |
Applying: Solve problems to new situations by applying acquired knowledge, facts, techniques and rules in a different way |
19 |
23.75% |
3 |
Analysing, Evaluating and Creating:
Examine and break information into parts by identifying motives or causes. Make inferences and find evidence to support generalizations. Present and defend opinions by making judgments about information, validity of ideas, or quality of work based on a set of criteria. Compile information together in a different way by combining elements in a new pattern or proposing alternative solutions. |
17 |
21.25% |
Total | 80 | 100% |
Business Studies
CLASS–XII (2022-23)
Theory: 80 Marks 3 Hours
Project: 20 Marks
Units | Periods | Marks | |
Part A | Principles and Functions of Management | ||
1. | Nature and Significance of Management | 12 | 16 |
2 | Principles of Management | 14 | |
3 | Business Environment | 12 | |
4 | Planning | 14 | 14 |
5 | Organising | 15 | |
6 | Staffing | 16 | 20 |
7 | Directing | 15 | |
8 | Controlling | 12 | |
Total | 110 | 50 | |
Part B | Business Finance and Marketing | ||
9 | Financial Management | 20 | 15 |
10 | Financial Markets | 18 | |
11 | Marketing Management | 30 | 15 |
12 | Consumer Protection | 12 | |
Total | 80 | 30 | |
Part C | Project Work (One) | 30 | 20 |
Part A: Principles and Functions of Management Unit 1: Nature and Significance of Management
Concept | After going through this unit, the
student/ learner would be able to: |
Management – concept, objectives, and importance | · Understand the concept of management.
· Explain the meaning of ‘Effectiveness and Efficiency. · Discuss the objectives of management. · Describe the importance of management. |
Management as Science, Art and Profession | · Examine the nature of
management as a science, art and profession. |
Levels of Management | · Understand the role of top, middle and lower levels of management |
Management functions-planning, organizing, staffing, directing and controlling | · Explain the functions of management |
Coordination- concept and importance | · Discuss the concept and |
characteristics of coordination.
· Explain the importance of coordination. |
Unit 2: Principles of Management
Principles of Management- concept and significance | · Understand the concept of principles of management.
· Explain the significance of management principles. |
Fayol’s principles of management | · Discuss the principles of management developed by Fayol. |
Taylor’s Scientific management- principles and techniques | · Explain the principles and techniques of ‘Scientific Management’.
· Compare the contributions of Fayol and Taylor. |
Unit 3: Business Environment
Business Environment- concept and importance | · Understand the concept of ‘Business Environment’.
· Describe the importance of business environment |
Dimensions of Business Environment- Economic, Social, Technological, Political and Legal
Demonetization – concept and features |
· Describe the various dimensions of ‘Business Environment’.
· Understand the concept of demonetization |
Unit 4: Planning
Concept, importance and limitation | · Understand the concept of planning.
· Describe the importance of planning. · Understand the limitations of planning. |
Planning process | · Describe the steps in the process of planning. |
Single use and standing plans. Objectives, Strategy, Policy, Procedure, method Rule, budget and Programme | · Develop an understanding of single use and standing plans
· Describe objectives, policies, strategy, procedure, method, rule, budget and programme as types of plans. |
Unit 5: Organising
Concept and importance | · Understand the concept of organizing as a structure and as a |
process.
· Explain the importance of organising. |
|
Organising Process | · Describe the steps in the process of organizing |
Structure of organisation- functional and divisional concept. Formal and informal organisation- concept | · Describe functional and divisional structures of organisation.
· Explain the advantages, disadvantages and suitability of functional and divisional structure. · Understand the concept of formal and informal organisation. · Discuss the advantages, disadvantages of formal and informal organisation. |
Delegation: concept, elements and importance | · Understand the concept of delegation.
· Describe the elements of delegation. · Appreciate the importance of Delegation. |
Decentralization: concept and importance | · Understand the concept of decentralisation.
· Explain the importance of decentralisation. · Differentiate between delegation and decentralisation. |
Unit 6: Staffing
Concept and importance of staffing | · Understand the concept of staffing.
· Explain the importance of staffing |
Staffing as a part of Human Resource Management concept | · Understand the specialized duties and activities performed by Human
Resource Management |
Staffing process | · Describe the steps in the process of staffing |
Recruitment process | · Understand the meaning of recruitment.
· Discuss the sources of recruitment. · Explain the merits and demerits of internal and external sources of recruitment. |
Selection – process | · Understand the meaning of selection.
· Describe the steps involved in the process of selection. |
Training and Development – Concept and importance, Methods of training – on the | · Understand the concept of training and development. |
job and off the job – vestibule training, apprenticeship training and internship training | · Appreciate the importance of training to the organisation and to the employees.
· Discuss the meaning of induction training, vestibule training, apprenticeship training and internship training. · Differentiate between training and development. · Discuss on the job and off the job methods of training. |
Unit 7: Directing
Concept and importance | · Describe the concept of directing.
· Discuss the importance of directing |
Elements of Directing | · Describe the various elements of directing |
Motivation – concept, Maslow’s hierarchy of needs, Financial and non-financial incentives | · Understand the concept of motivation.
· Develop an understanding of Maslow’s Hierarchy of needs. · Discuss the various financial and non-financial incentives. |
Leadership – concept, styles – authoritative, democratic and laissez faire | · Understand the concept of leadership.
· Understand the various styles of leadership. |
Communication – concept, formal and informal communication; barriers to effective communication, how to overcome the barriers | · Understand the concept of communication
· Understand the elements of the communication process. · Discuss the concept of formal and informal communication. · Discuss the various barriers to effective communication. · Suggest measures to overcome barriers to communication. |
Unit 8: Controlling
Controlling – Concept and importance | · Understand the concept of controlling.
· Explain the importance of controlling. |
Relationship between planning and controlling | · Describe the relationship between planning and controlling |
Steps in process of control | · Discuss the steps in the process of controlling. |
Part B: Business Finance and Marketing Unit 9: Financial Management
Concept, role and objectives of Financial Management | · Understand the concept of financial management.
· Explain the role of financial management in an organisation. · Discuss the objectives of financial management |
Financial decisions: investment, financing
and dividend- Meaning and factors affecting |
· Discuss the three financial
decisions and the factors affecting them. |
Financial Planning – concept and importance | · Describe the concept of financial planning and its objectives.
· Explain the importance of financial planning. |
Capital Structure – concept and factors affecting capital structure | · Understand the concept of capital structure.
· Describe the factors determining the choice of an appropriate capital structure of a company. |
Fixed and Working Capital – Concept and factors affecting their requirements | · Understand the concept of fixed and working capital.
· Describe the factors determining the requirements of fixed and working capital. |
Unit 10: Financial Markets
Financial Markets: Concept | · Understand the concept of financial market. |
Money Market: Concept | · Understand the concept of money market. |
Capital market and its types (primary and secondary) | · Discuss the concept of capital market.
· Explain primary and secondary markets as types of capital market. · Differentiate between capital market and money market. · Distinguish between primary and secondary markets. |
Stock Exchange – Functions and trading procedure | · Give the meaning of a stock exchange.
· Explain the functions of a stock exchange. · Discuss the trading procedure in a stock exchange. |
· Give the meaning of depository services and demat account as used in the trading procedure of
securities. |
|
Securities and Exchange Board of India (SEBI) – objectives and functions | · State the objectives of SEBI.
· Explain the functions of SEBI. |
Unit 11: Marketing
Marketing – Concept, functions and philosophies | · Understand the concept of marketing.
· Explain the features of marketing. · Discuss the functions of marketing. · Explain the marketing philosophies. |
Marketing Mix – Concept and elements | · Understand the concept of marketing mix.
· Describe the elements of marketing mix. |
Product – branding, labelling and packaging – Concept | · Understand the concept of product as an element of marketing mix.
· Understand the concept of branding, labelling and packaging. |
Price – Concept, Factors determining price | · Understand the concept of price as an element of marketing mix.
· Describe the factors determining price of a product. |
Physical Distribution – concept, components and channels of distribution | · Understand the concept of physical distribution.
· Explain the components of physical distribution. · Describe the various channels of distribution. |
Promotion – Concept and elements; Advertising, Personal Selling, Sales Promotion and Public Relations | · Understand the concept of promotion as an element of marketing mix.
· Describe the elements of promotion mix. · Understand the concept of advertising. · Understand the concept of sales promotion. · Discuss the concept of public relations. |
Unit 12: Consumer Protection
Concept and importance of consumer protection | · Understand the concept of consumer protection.
· Describe the importance of |
consumer protection.
· Discuss the scope of Consumer Protection Act, 2019 |
|
The Consumer Protection Act, 2019:
Source: http://egazette.nic.in/WriteReadData/2019/210422.pdf
Meaning of consumer Rights and responsibilities of consumers Who can file a complaint? Redressal machinery Remedies available |
· Understand the concept of a consumer according to the Consumer Protection Act, 2019.
· Explain the consumer rights · Understand the responsibilities of consumers · Understand who can file a complaint and against whom? · Discuss the legal redressal machinery under Consumer Protection Act, 2019. · Examine the remedies available to the consumer under Consumer Protection Act, 2019. |
Consumer awareness – Role of consumer organizations and Non-Governmental Organizations (NGOs) | · Describe the role of consumer organizations and NGOs in
protecting consumers’ interests. |
Unit 13: Project Work
PROJECT WORK IN BUSINESS STUDIES FOR CLASS XI AND XII
Introduction
The course in Business Studies is introduced at Senior School level to provide students with a sound understanding of the principles and practices bearing in business (trade and industry) as well as their relationship with the society. Business is a dynamic process that brings together technology, natural resources and human initiative in a constantly changing global environment. With the purpose to help them understand the framework within which a business operates, and its interaction with the social, economic, technological and legal environment, the CBSE has introduced Project Work in the Business Studies Syllabus for Classes XI and XII. The projects have been designed to allow students to appreciate that business is an integral component of society and help them develop an understanding of the social and ethical issues concerning them.
The project work also aims to empower the teacher to relate all the concepts with what is happening around the world and the student’s surroundings, making them appear more clear and contextual. This will enable the student to enjoy studies and use his free time effectively in observing what’s happening around.
By means of Project Work the students are exposed to life beyond textbooks giving them opportunities to refer materials, gather information, analyze it further to obtain relevant information and decide what matter to keep.
Objectives
After doing the Project Work in Business Studies, the students will be able to do the following:
- develop a practical approach by using modern technologies in the field of business and management;
- get an opportunity for exposure to the operational environment in the field of business management and related services;
- inculcate important skills of team work, problem solving, time management, information collection, processing, analysing and synthesizing relevant information to derive meaningful conclusions
- get involved in the process of research work; demonstrate his or her capabilities while working independently and
- make studies an enjoyable experience to
CLASS XI: GUIDELINES FOR TEACHERS
This section provides some basic guidelines for the teachers to launch the projects in Business Studies. It is very necessary to interact, support, guide, facilitate and encourage students while assigning projects to them.
The teachers must ensure that the project work assigned to the students whether individually or in group are discussed at different stages right from assignment to drafts review and finalization. Students should be facilitated in terms of providing relevant
materials or suggesting websites, or obtaining required permissions from business houses, malls etc for their project. The periods assigned to the Project Work should be suitably spaced throughout the academic session. The teachers MUST ensure that the students actually go through the rigors and enjoy the process of doing the project rather than depending on any readymade material available commercially.
The following steps might be followed:
- Students must take any one topic during the academic session of Class
- The project may be done in a group or individually.
- The topic should be assigned after discussion with the students in the class and should then be discussed at every stage of submission of the draft/final project
- The teacher should play the role of a facilitator and should closely supervise the process of project
- The teachers must ensure that the student’s self esteem should go up, and he
/she should be able to enjoy this process.
- The project work for each term should culminate in the form of Power Point Presentation/Exhibition/ Skit before the entire class. This will help in developing ICT and communication skills among
The teacher should help students to identify any one project from the given topics.
- Project One: Field Visit
The objective of introducing this project among the students is to give a first hand experience to them regarding the different types of business units operating in their surroundings, to observe their features and activities and relate them to the theoretical knowledge given in their text books. The students should select a place of field visit from the following: – (Add more as per local area availability.)
- Visit to a Handicraft
- Visit to an
- Visit to a Whole sale market (vegetables, fruits, flowers, grains, garments, )
- Visit to a Departmental
- Visit to a
The following points should be kept in mind while preparing this visit.
- Select a suitable day free from rush/crowd with lean business
- The teacher must visit the place first and check out on logistics. It’s better to seek permission from the concerned business-
- Visit to be discussed with the students in They should be encouraged to prepare a worksheet containing points of observation and reporting.
- Students may carry their cameras (at their own risk) with prior permission for collecting evidence of their observations.
1. Visit to a Handicraft Unit
The purpose of visiting a Handicraft unit is to understand nature and scope of its business, stake holders involved and other aspects as outlined below
- The raw material and the processes used in the business: People /parties/firms from which they obtain their raw material.
- The market, the buyers, the middlemen, and the areas covered. c) The countries to which exports are
- Mode of payment to workers, suppliers
- Working
- Modernization of the process over a period of
- Facilities, security and training for the staff and
- Subsidies available/
- Any other aspect that the teachers deem
2. Visit to an Industry.
The students are required to observe the following:
- Nature of the business
- Determinants for location of business
- Form of business enterprise: Sole Proprietorship, Partnership, Undivided Hindu Family, Joint Stock Company (a Multinational Company).
- Different stages of production/process
- Auxiliaries involved in the
- Workers employed, method of wage payment, training programmes and facilities
- Social responsibilities discharged towards workers, investors, society, environment and
- Levels of
- Code of conduct for employers and
- Capital structure employed- borrowed v/s
- Quality control, recycling of defective
- Subsidies available/availed.
- Safety Measures
- Working conditions for labour in observation of Labour
- Storage of raw material and finished
- Transport management for employees, raw material and finished
- Functioning of various departments and coordination among them (Production, Human Resource, Finance and Marketing)
- Waste
- Any other
3. Visit to a whole sale market: vegetables/fruits/flowers/grains/garments etc.
The students are required to observe the following:
- Sources of
- Local market practices.
- Any linked up businesses like transporters, packagers, money lenders, agents,
- Nature of the goods dealt
- Types of buyers and
- Mode of the goods dispersed, minimum quantity sold, types of packaging
- Factors determining the price
- Seasonal factors (if any) affecting the
- Weekly/ monthly non-working days.
- Strikes, if any- causes
- Mode of payments.
- Wastage and disposal of dead
- Nature of price fluctuations, reason
- Warehousing facilities available\availed.
- Any other
4. Visit to a Departmental store
The students are required to observe the following:
- Different departments and their lay
- Nature of products offered for
- Display of fresh
- Promotional
- Spaces and
- Assistance by Sales
- Billing counter at store – Cash, Credit Card/ Debit Card, swipe Added attractions and facilities at the counter.
- Additional facilities offered to customers
- Any other relevant aspect.
5. Visit to a Mall.
The students are required to observe the following:
- Number of floors, shops occupied and
- Nature of shops, their ownership status
- Nature of goods dealt in: local brands, international brands,
- Service business shops- Spas, gym, saloons
- Rented spaces, owned spaces,
- Different types of promotional
- Most visited
- Special attractions of the Mall- Food court, Gaming zone or Cinema
- Innovative
- Parking Teachers may add more to the list.
II. Project Two: Case Study on a Product
- Take a product having seasonal growth and regular demand with which students can relate. For example,
- Apples from Himachal Pradesh,
- Oranges from Nagpur,
- Mangoes from Maharashtra/U.P./Bihar/Andhra Pradesh
- Strawberries from Panchgani,
- Aloe vera from Rajasthan,
- Walnuts/almonds from Kashmir,
- Jackfruit from South,
- Guavas from Allahabad,
- Pineapples from North East India,
- Tea from Assam,
- Orchids from Sikkim and Meghalaya,
- Pottery of Manipur,
- Fishes from coastal
Students may develop a Case Study on the following lines:
- Research for change in price of the For example, apples in Himachal Pradesh during plucking and non plucking season.
- Effect on prices in the absence of effective transport
- Effect on prices in the absence of suitable warehouse
- Duties performed by the
- Demand and supply situation of the product during harvesting season, prices near the place of origin and
Students may be motivated to find out the importance of producing and selling these products and their processed items along with the roles of Transport, Warehousing, Advertising, Banking, Insurance, Packaging, Wholesale selling, Retailing, Co-operative farming, Co-operative marketing etc.
The teacher may develop the points for other projects on similar lines for students to work on.
The teacher may assign this project as ‘group’ project and may give different products to different groups. It could conclude in the form of an exhibition.
III. Project Three: Aids to Trade
Taking any one AID TO TRADE, for example Insurance and gathering information on following aspects
- History of Insurance Lloyd’s
- Development of regulatory
- Insurance Companies in India
- Principles of
- Types of Importance of insurance to the businessmen.
- Benefits of crop, orchards, animal and poultry insurance to the
- Terminologies used (premium, face value, market value, maturity value, surrender value) and their
- Anecdotes and interesting cases of insurance. Reference of films depicting people committing fraudulent acts with insurance
- Careers in
Teachers to develop such aspects for other aids to trade.
IV. Project Four: Import /Export Procedure
Any one from the following
- Import /Export procedure
The students should identify a product of their city/country which is imported /exported. They are required to find the details of the actual import/export procedure. They may take help from the Chambers of Commerce, Banker, existing Importers/Exporters, etc.
They should find details of the procedure and link it with their Text knowledge.
The specimens of documents collected should be pasted in the Project file with brief description of each. They may also visit railway godowns/dockyards/ transport agencies and may collect pictures of the same.
Presentation and submission of project report.
At the end of the stipulated term, each student will prepare and submit his/her project report.
Following essentials are required to be fulfilled for its preparation and submission.
- The total project will be in a file format, consisting of the recordings of the value of shares and the
- The project will be
- The project will be presented in a neat
- The project report will be developed in the following sequence-
- Cover page should project the title, student information, school and
- List of
- Acknowledgements and preface (acknowledging the institution, the news papers read, V. channels viewed, places visited and persons who have helped).
- Topic with suitable
- Planning and activities done during the project, if
- Observations and findings while conducting the
- News paper clippings to reflect the changes of share
- Conclusions (summarised suggestions or findings, future scope of study).
- Appendix (if needed).
- Teachers
- Teachers will initial preface
- At the completion of the evaluation of the project, it will be punched in the centre so that the report cannot be reused but is available for reference
- The projects will be returned after evaluation. The school may keep the best
V. Project Five: A visit to any State Emporium (other than your school state).
The purpose of this project is that it leads to –
- Development of deeper understanding of the diversity of products in the states like Assam, Tripura, Nagaland, Mizoram, Manipur, Meghalaya, Sikkim, Arunachal Pradesh, Jammu and Kashmir, Kerala, Chhatisgarh, Telangana, Andhra Pradesh and other states of the
- Sensitization and orientation of students about other states, their trade, business and commerce,
- Understanding the cultural and socio-economic aspects of the state by the students,
- Developing the understanding of role of folk art, artisanship and craftsmanship of the state in its growth and economic development
- Understanding the role of gifts of nature and natural produce in the development of trade, business and commerce
- Understanding the role of vocational skills and abilities on the livelihood of artisans/ craftsman
- Understanding of entrepreneurial skills and abilities of the artisans/craftsman
- Understanding of the unemployment problem of the state and role of art and craft of the state in generating employment opportunities
- Value aspect –
- Sense of gratitude – by appreciating the contributions made by others in the betterment of our lives
- Appreciating the dignity of work
- Sensitivity towards social, cultural, ethnical and religious differences Benefits of social harmony and peace
- Understanding and appreciating the unity in diversity in India
- Appreciating differences in race, skin colour, languages, religion, habits, festivals, clothing coexistence
Presentation and Submission of Project Report
At the end of the stipulated term, each student will prepare and submit his/her project report.
Following essentials are required to be fulfilled for its preparation and submission.
- Nature of the business organisation (emporium)
- Determinants for location of the concerned emporium
- Is the space rented or owned
- Nature of the goods dealt in
- Sources of merchandise of the emporium
- Role of co-operative societies in the manufacturing and/or marketing of the merchandise
- Role of gifts of nature or natural produce in the development of goods/merchandise
- Types of buyers and sellers
- Modes of goods dispersed, minimum quantity sold and type of carrying bag or package used for delivery of the products sold
- Factors determining the pricing at the emporium
- Comparison between the prices of goods available at the emporium with the prices in the open Also highlight probable causes of variations if any.
- Kind of raw material available naturally, used in making the products
- The technique used in making the products e., hand made or machine made
- Has the child labour being used in making the products sold at the emporium
- Are the products eco-friendly, in terms of manufacturing, disposal and packing
- Seasonal factors if any affecting the business of the emporium
- Weekly/ Monthly non-working days
- Mode of billing and payments – Cash, Credit Card/ Debit Card, Swipe
- Does the emporium sell its merchandise in installment / deferred payment basis
- Do they provide home delivery and after sales
- Different types of promotional campaigns / schemes
- Assistance by Sales Personnel
- Export orientation of this emporium and procedure used
- Policies related to damaged/ returned goods
- Any government facility available to the emporium
- Warehousing facilities available / availed
- Impact of tourism on the business of emporium
- Additional facility offered to customers
- Any Corporate Social Responsibility (CSR) assumed by the emporium
- Contribution made by the emporium to its locality
ASSESSMENT
The marks will be allocated on the following heads.
1 | Initiative, cooperativeness and participation | 2 Mark |
2 | Creativity in presentation | 2 Mark |
3 | Content, observation and research work | 4 Marks |
4 | Analysis of situations | 4 Marks |
5 | Viva | 8 Marks |
Total | 20 Marks |
CLASS XII: GUIDELINES FOR TEACHERS
Students are supposed to select one unit out of four and are required to make only
ONE project from the selected unit. (Consist of one project of 20 marks)
- Help students to select any ONE Topic for the entire
- The topic should be assigned after discussion with the students in the class and should then be discussed at every stage of the submission of the
The teacher should play the role of a facilitator and should closely supervise the process of project completion. The teachers must ensure that the project work assigned to the students whether individually or in group are discussed at different stages right from assignment to drafts review and finalization. Students should be facilitated in terms of providing relevant materials or suggesting websites, or obtaining required permissions from business houses, malls etc for their project. The periods assigned to the Project Work should be suitably spaced throughout the academic session. The teachers MUST ensure that the student actually go through the rigors and enjoy the process of doing the project rather than depending on any readymade material available outside.
- The students must make a presentation of the project before the
- The teachers must ensure that the student’s self-esteem and creativity is enhanced and both the teacher and the student enjoy this
- The teachers should feel pride in the fact that they have explored the different dimensions of the project in an innovative way and their students have put in genuine work.
I. Project One: Elements of Business Environment
The teachers should help the students in selecting any one element of the following:
- Changes witnessed over the last few years on mode of packaging and its economic The teacher may guide the students to identify the following changes:
- The changes in transportation of fruits and vegetables such as cardboard crates being used in place of wooden crates, Reasons for above changes.
- Milk being supplied in glass bottles, later in plastic bags and now in tetra-pack and through vending
- Plastic furniture [doors and stools] gaining preference over wooden
- The origin of cardboard and the various stages of changes and
- Brown paper bags packing to recycled paper bags to plastic bags and cloth bags.
- Re use of packaging [bottles, jars and tins] to attract customers for their products.
- The concept of pyramid packaging for
- Cost being borne by the consumer/manufacturer.
- Packaging used as means of
- The reasons behind changes in the following:
Coca – Cola and Fanta in the seventies to Thums up and Campa Cola in the eighties to Pepsi and Coke in nineties.
The teacher may guide the students to the times when India sold Coca Cola and Fanta which were being manufactured in India by the foreign companies.
The students may be asked to enquire about
- Reasons of stopping the manufacturing of the above mentioned drinks in India
- The introduction of Thums up and Campa cola
- Re entry of Coke and introduction of Pepsi in the Indian
- Factors responsible for the
- Other linkages with the
- Leading brands and the company having the highest market
- Different local brands venturing in the Indian
- The rating of the above brands in the
- The survival and reasons of failure in competition with the international
- Other observations made by the students
The teacher may develop the following on the above lines
- Changing role of the women in the past 25 years relating to joint families, nuclear families, women as a bread earner of the family, changes in the requirement trend of mixers, washing machines, micro wave and standard of
- The changes in the pattern of import and export of different
- The trend in the changing interest rates and their effect on
- A study on child labour laws, its implementation and
- The state of ‘anti plastic campaign,’ the law, its effects and
- The laws of mining /setting up of industries, rules and regulations, licences required for running that
- Social factors affecting acceptance and rejection of an identified (Dish washer, Atta maker, etc)
- What has the effect of change in environment on the types of goods and services? The students can take examples like:
- Washing machines, micro waves, mixers and
- Need for crèche, day care centre for young and
- Ready to eat food, eating food outside, and tiffin
- Change in the man-machine ratio with technological advances resulting in change of cost
- Effect of changes in technological environment on the behaviour of
II. Project Two: Principles of Management
The students are required to visit any one of the following:
- A departmental
- An Industrial
- A fast food
- Any other organisation approved by the
They are required to observe the application of the general Principles of management advocated by Fayol.
Fayol’s principles
- Division of
- Unity of
- Unity of
- Scalar chain
- Espirit de corps
- Fair remuneration to
- Discipline
- Subordination of individual interest to general
- Centralisation and
- Stability of
- Authority and Responsibility OR
They may enquire into the application of scientific management techniques by F.W. Taylor in the unit visited.
Scientific techniques of management.
- Functional
- Standardisation and simplification of
- Method
- Motion
- Time
- Fatigue Study
- Differential piece rate
Tips to teacher
- The teacher may organize this
- The teacher should facilitate the students to identify any unit of their choice and guide them to identify the principles that are being
- Similarly they should guide the students to identify the techniques of scientific management implemented in the
- It may be done as a group
- The observations could be on the basis of
- The different stages of division of work resulting to
- Following instructions and accountability of subordinates to higher
- Visibility of order and equity in the unit.
- Balance of authority and
- Communication levels and pattern in the
- Methods and techniques followed by the organisation for unity of direction and coordination amongst
- Methods of wage payments The arrangements of fatigue study.
- Derivation of time
- Derivation and advantages of method
- Organisational chart of functional
- Any other identified in the organisation
- It is advised that students should be motivated to pick up different areas of visit. As presentations of different areas in the class would help in better understanding to the other
- The students may be encouraged to develop worksheets. Teachers should help students to prepare observation tools to be used for undertaking the
Examples; worksheets, questionnaire, interviews and organisational chart etc.
III. Project Three: Stock Exchange
The purpose of this project is to teach school students the values of investing and utilising the stock market. This project also teaches important lessons about the economy, mathematics and financial responsibility.
The basis of this project is to learn about the stock market while investing a specified amount of fake money in certain stocks. Students then study the results and buy and sell as they see fit.
This project will also guide the students and provide them with the supplies necessary to successfully monitor stock market trends and will teach students how to calculate profit and loss on stock.
The project work will enable the students to:
- understand the topics like sources of business finance and capital market
- understand the concepts used in stock exchange
- inculcate the habit of watching business channels, reading business journals/newspapers and seeking information from their
The students are expected to:
- Develop a brief report on History of Stock Exchanges in (your country)
- Prepare a list of at least 25 companies listed on a Stock
- To make an imaginary portfolio totalling a sum of 50,000 equally in any of the 5 companies of their choice listed above over a period of twenty working days.
The students may be required to report the prices of the stocks on daily basis and present it diagrammatically on the graph paper.
- They will understand the weekly holidays and the holidays under the Negotiable Instruments
They will also come across with terms like closing prices, opening prices, etc.
- During this period of recording students are supposed to distinctively record the daily and starting and closing prices of the week other days under the negotiable instrument act so that they acquire knowledge about closing and opening
- The students may conclude by identifying the causes in the fluctuations of Normally it would be related to the front page news of the a business journal, for example,
- Change of
- Spread of epidemic.
- Strikes and accidents
- Natural and human
- Political
- Lack of faith in the government
- Impact of changes in government policies for specific
- International
- Contract and treaties at the international
- Relations with the neighbouring
- Crisis in developed countries,
The students are expected to find the value of their investments and accordingly rearrange their portfolio. The project work should cover the following aspects;
- Graphical presentation of the share prices of different companies on different
- Change in market value of shares due to change of seasons, festivals, natural and human
- Change in market value of shares due to change in political environment/ policies of various countries/crisis in developed countries or any other reasons
- Identify the top ten companies out of the 25 selected on the basis of their market value of
It does not matter if they have made profits or losses.
IV. Project Four: Marketing
- Adhesives
- Air conditioners
- Baby diapers
- Bathing Soap
- Bathroom cleaner
- Bike
- Blanket
- Body Spray
- Bread
- Breakfast cereal
- Butter
- Camera
- Car
- Cheese spreads
- Chocolate
- Coffee
- Cosmetology product
- Crayons
- Crockery
- Cutlery
- Cycle
- DTH
- Eraser
- e-wash
- Fairness cream
- Fans
- Fruit candy
- Furniture
- Hair Dye
- Hair Oil
- Infant dress
- Inverter
- Jams
- Jeans
- Jewellery
- Kurti
- Ladies bag
- Ladies footwear
- Learning Toys
- Lipstick
- Microwave oven
- Mixers
- Mobile
- Moisturizer
- Music player
- Nail polish
- Newspaper
- Noodles
- Pen
- Pen drive
- Pencil
- Pickles
- Razor
- Ready Soups
- Refrigerator
- RO system
- Roasted snacks
- Salt
- Sarees
- Sauces/ Ketchup
- Shampoo
- Shaving cream
- Shoe polish
- Shoes
- Squashes
- Suitcase/ airbag
- Sunglasses
- Tea
- Tiffin Wallah
- Toothpaste
- Wallet
- Washing detergent
- Washing machine
- Washing powder
- Water bottle
- Water storage tank
- Wipes
Any more as suggested by the teacher.
The teacher must ensure that the identified product should not be items whose consumption/use is discouraged by the society and government like alcohol products/pan masala and tobacco products, etc.
Identify one product/service from the above which the students may like to manufacture/provide [pre-assumption].
Now the students are required to make a project on the identified product/service keeping in mind the following:
- Why have they selected this product/service?
- Find out ‘5’ competitive brands that exist in the
- What permission and licences would be required to make the product?
- What are your competitors Unique Selling Proposition.[U.S.P.]?
- Does your product have any range give details?
- What is the name of your product?
- Enlist its
- Draw the ‘Label’ of your
- Draw a logo for your product.
- Draft a tag
- What is the selling price of your competitor’s product?
- Selling price to consumer
- Selling price to retailer
- Selling price to wholesaler
What is the profit margin in percentage to the
- How will your product be packaged?
- Which channel of distribution are you going to use? Give reasons for selection?
- Decisions related to warehousing, state
- What is going to be your selling price?
- To consumer
- To retailer
- To wholesaler
- List 5 ways of promoting your
- Any schemes for
- The wholesaler
- The retailer
- The consumer
- What is going to be your ‘U.S.P?
- What means of transport you will use and why?
- Draft a social message for your label.
- What cost effective techniques will you follow for your
- What cost effective techniques will you follow for your promotion
At this stage the students will realise the importance of the concept of marketing mix and the necessary decision regarding the four P’s of marketing.
- Product
- Place
- Price
- Promotion
On the basis of the work done by the students the project report should include the following:
- Type of product /service identified and the (consumer/industries) process involve there
- Brand name and the
- Range of the
- Identification mark or
- Labeling and
- Price of the product and basis of price
- Selected channels of distribution and reasons
- Decisions related to transportation and State reasons.
- Promotional techniques used and starting reasons for deciding the particular
- Grading and
Presentation and Submission of Project Report
At the end of the stipulated term, each student will prepare and submit his/her project report.
Following essentials are required to be fulfilled for its preparation and submission.
- The total length of the project will be of 25 to 30
- The project should be
- The project should be presented in a neat
- The project report should be developed in the following sequence-
- Cover page should include the title of the Project, student information, school and
- List of
- Acknowledgements and preface (acknowledging the institution, the places visited and the persons who have helped).
- Topic with suitable
- Planning and activities done during the project, if
- Observations and findings of the
- Conclusions (summarized suggestions or findings, future scope of study).
- Photographs (if any).
- Appendix
- Teacher’s
- Signatures of the
- At the completion of the evaluation of the project, it should be punched in the centre so that the report may not be reused but is available for reference
- The project will be returned after The school may keep the best projects.
ASSESSMENT
Allocation of Marks = 20 Marks
The marks will be allocated under the following heads:
1 | Initiative, cooperativeness and participation | 2 Mark |
2 | Creativity in presentation | 2 Mark |
3 | Content, observation and research work | 4 Marks |
4 | Analysis of situations | 4 Marks |
5 | Viva | 8 Marks |
Total | 20 Marks |
Suggested Question Paper Design Business Studies
(Code No. 054) Class XII (2022-23)
March 2023 Examination
Marks: 80 Duration: 3 hrs.
SN | Typology of Questions | Marks | Percentage |
1 |
Remembering and Understanding:
Exhibit memory of previously learned material by recalling facts, terms, basic concepts, and answers. Demonstrate understanding of facts and ideas by organizing, comparing, translating, interpreting, giving descriptions, and stating main ideas |
44 |
55% |
2 |
Applying: Solve problems to new situations by applying acquired knowledge, facts, techniques and rules in a different way |
19 |
23.75% |
3 |
Analysing, Evaluating and Creating:
Examine and break information into parts by identifying motives or causes. Make inferences and find evidence to support generalizations. Present and defend opinions by making judgments about information, validity of ideas, or quality of work based on a set of criteria. Compile information together in a different way by combining elements in a new pattern or proposing alternative solutions. |
17 |
21.25% |
Total | 80 | 100% |
FAQs (Frequently Asked Questions)
1. Are NCERT books essential for Class 11 Business Studies?
The marks-wise weightage of chapters has been provided in the syllabus. The syllabus is based on the CBSE curriculum. Hence, the NCERT books are very important.
2. What are some important books for Class 11 Business Studies?
For complete understanding of Business Studies in Class 11, NCERT books are more than sufficient. Students must go through the CBSE important questions provided at the end of the chapters. Students can also follow Poonam Gandhi’s reference book as it has good revision notes written in simple language. Make sure to complete and revise NCERT books at least a month ahead of the examination.
3. What are some important resources to improve your grades in the Class 11 Business Studies exam?
Nowadays, students have access to many resources to excel in their examinations. These resources include CBSE revision notes, CBSE extra questions and important formulas. Students can access a repository of Extramarks CBSE sample papers and CBSE previous years question papers . All these useful and concise study materials have been brought together in one place by Extramarks to benefit the students. These resources can be easily accessed any time without much hassle.
4. Is Class 11 Business Studies tough?
As the Business Studies subject is introduced in Class 11 itself, it can be a little overwhelming for students initially. However, the subject as a whole is considered easy. It does require some memorisation but that can be understood easily using the important and useful resources available at Extramarks . These resources are prepared by subject matter experts and it provides detailed and authentic solutions, and students need not have to look elsewhere for any assistance.