CBSE class 11 commerce Business studies Important topics for theory

CBSE class 11 commerce Business studies Important topics for theory:- we will provide complete details of CBSE class 11 commerce Business studies Important topics for theory in this article.

CBSE class 11 commerce Business studies Important topics for theory

CBSE class 11 commerce Business studies Important topics for theory :-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 will prepare 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.

CBSE class 11 commerce Business studies Important topics for theory

Objectives:

• 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;
• To develop a business attitude and skills in students.
• To inculcate appropriate attitude and develop skills among students to pursue higher education, world of work including self employment.

CBSE class 11 commerce Business studies Important topics for theory

CBSE class 11 commerce Business studies Important topics for theory

Part A: Foundation of Business

Unit 1: Nature and Purpose of Business

• Concept and characteristics of business.
• Business, profession and employment – Meaning and their distinctive features.
• Objectives of business – Economic and social, role of profit in business.
• Classification of business activities: Industry and Commerce.
• Industry – types: primary, secondary, tertiary – Meaning and sub types.
• Commerce – trade: types (internal, external, wholesale and retail; and auxiliaries to trade: banking, insurance, transportation, warehousing, communication, and advertising.
• Business risks – Meaning, nature and causes.

Unit 2: Forms of Business organizations

• Sole Proprietorship – meaning, features, merits and limitations.
• Partnership – Features, types, merits and limitations of partnership and partners, registration of a partnership firm, partnership deed. Type of partners.
• Hindu Undivided Family Business: features.
• Cooperative Societies- features, types, merits and limitations.
• Company: private and public company -features, merits and limitations.
• Formation of a company- four stages, important document (MOA, AOA, relevances of certificate of incorporation and certificate of commencement.
• Starting a business – Basic factors.

Unit 3: Public, Private and Global Enterprises

• Private sector and public sector enterprises.
• Forms of public sector enterprises: features, merits and limitations of departmental undertakings, statutory corporation and Government Company.
• Changing role of public sector enterprises.
• Global enterprises, Joint ventures, Public Private Partnership – Features

Unit 4: Business Services

• Banking: Types of bank accounts- savings, current, recurring, fixed deposit and multiple option deposit account.
• Banking services with particular reference to issue of bank draft, banker’s cheque (pay order), RTGS (Real Time Gross Settlement) NEFT (National Electronic Funds Transfer), bank overdraft, cash credits and e- banking.
• Insurance: principles, concept of life, health, fire and marine insurance.
• Postal and telecom services: mail (UPC, registered post, parcel, speed post and courier) and other services.

Unit 5: Emerging Modes of Business

• E-business – scope and benefits, resources required for successful e-business implementation, online transactions, payment mechanism, security and safety of business transactions.
• Outsourcing-concept, need and scope of BPO (business process outsourcing) and KPO (knowledge process outsourcing).
• Smart cards and ATM’s meaning and utility

Unit 6: Social Responsibility of Business and Business Ethics

• Concept of social responsibility
• Case for social responsibility
• Responsibility towards owners, investors, consumers, employees, government and community
• Environment protection and business

CBSE class 11 commerce Business studies Important topics for theory

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CBSE class 11 commerce Business studies Important topics for theory