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Details About CBSE Class 11 Commerce Business Studies Small Business

Details About CBSE Class 11 Commerce Business Studies Small Business

CBSE Class 11 Commerce Business Studies Small Business :  PDF Format CBSE Class 11 Commerce Business Studies Small Business Study material available here. Download and read well.

Details About CBSE Class 11 Commerce Business Studies Small Business

CBSE Class 11 Commerce Business Studies Small Business : Central Board of Secondary Education, New Delhi prepare curriculum document every year for classes 9 to 12. All the stakeholders are advised to abide by the latest syllabus and curriculum issued for particular session. However the syllabus booklet covers each and every aspect of the curriculum, yet the users must keep in touch with CBSE circulars and notifications for time to time updates and modifications in the syllabus.

The CBSE’s School Curriculum gets its lead from the National Curriculum Framework (NCF 2005). The paramount guiding principles as proposed by NCF-2005 are

  • connecting knowledge to life outside the school,
  • ensuring that learning is shifts away from rote methods,
  • enriching the curriculum to provide for overall development of children rather than remain textbook centric,
  • making examinations more flexible and integrated into classroom life and,
  • nurturing an over-riding identity informed by caring concerns within the democratic polity of the country.

Details About CBSE Class 11 Commerce Business Studies Small Business

CBSE Class 11 Commerce Business Studies Small Business :  Download CBSE Class 11 Commerce Business Studies Small Business study material in PDF format. Cakart team members provides solved papers, board question papers, revision notes and NCERT solutions for CBSE Class 11 Commerce Business Studies Small Business. The topics included are  Small scale enterprise as defined by MSMED Act 2006 (Micro, Small and Medium Enterprise Development Act), Role of small business in India with special reference to rural areas and others. CBSE Class 11 Commerce Business Studies Small Business important topics are under given here :

Concept includes meaning and features

Unit 8: Small Business

Small scale enterprise as defined by MSMED Act 2006 (Micro, Small and Medium Enterprise Development Act)

Role of small business in India with special reference to rural areas

Government schemes and agencies for small scale industries (National Small Industries Corporation) and District Industrial Centre (DIC) with special reference to rural, backward and hilly areas

Download here CBSE Class 11 Commerce Business Studies   Small Business

Details About CBSE Class 11 Commerce Business Studies Small Business

CBSE Class 11 Commerce Business Studies Small Business : Business is a very broad concept. There are several academic business disciplines. Therefore, the need for subsections or areas of concentration within it soon became realized. A business study is one particular subject area within the broader subject area of business. A business study focuses on one aspect of business. For example, the subject of accounting is a business study, and the subject of economics is a business study. In addition, there are even more concentration subsections offered within certain business studies. For instance, finance is a business study that is broken down into managerial finance, personal finance, and several others.

Details About CBSE Class 11 Commerce Business Studies Small Business

CBSE Class 11 Commerce Business Studies Small Business : Small businesses are privately owned corporations, partnerships, or sole proprietorship that have fewer employees and/or less annual revenue than a regular-sized business or corporation. Businesses are defined as “small” in terms of being able to apply for government support and qualify for preferential tax policy varies depending on the country and industry. Small businesses range from fifteen employees under the Australian Fair Work Act 2009, fifty employees according to the definition used by the European Union, and fewer than five thousand employees, to qualify for many U.S. Small Business Administration programs. While small businesses can also be classified according to other methods, such as annual revenues, shipments, sales, assets, or by annual gross or net revenue or net profits, the number of employees is one of the most widely used measures.

Details About CBSE Class 11 Commerce Business Studies Small Business

CBSE Class 11 Commerce Business Studies Small Business : Small businesses in many countries include service or retail operations such as convenience stores, small grocery stores, bakeries or delicatessens, hairdressers or tradespeople (e.g., carpenters, electricians), restaurants, guest houses, photographers, very small-scale manufacturing, and Internet-related businesses such as web design and computer programming. Some professionals operate as small businesses, such as lawyers, accountants, dentists and medical doctors (although these professionals can also work for large organizations or companies).

Small businesses vary a great deal in terms of size, revenues and regulatory authorization, both within a country and from country to country. Some small businesses, such as a home accounting business, may only require a business license. On the other hand, other small businesses, such as day cares, retirement homes and restaurants serving liquor are more heavily regulated, and may require inspection and certification from various government authorities. Designation for firms of a certain size which fall below certain criteria (that varies from country to country) in terms of annual turnover, number of employees, total value of assets, etc. See also small and medium enterprise (SME).

The meaning of small business cannot be said to be adequate in a single definition. For many of these definitions are based on the background, orientation and environment of the scholar. Chris et.al (2000) define, small business as those which are owned and controlled by one or a few persons, with direct owner(s) influence in decision making and having relatively small share of the market in the applicable industry. Robert (1994) see small business as an independently owned and operate; has capital contribution from limited number of individuals, would operate in a local area; would probably not be dominant in its field of operation.

Robert C. A, in his definition see small business being independently owned and operated with small capitalization which come from small individual and cannot command high market share. He further says that, small business can hardly be defined based on number of employee, for this will not have universal application, for the number varies from countries to countries. For instance UK is 100 employees, USA is 400 employees, 250 employees in the European Union and fewer than 200 employees in Australia and Nigeria is 50 employees. While Professor Bates (1965) define small scale/business enterprise as one having fewer than 500 employees, although the size of the distribution is such that, for most purpose, firms with fewer than 100 employees may be taken as representative. This definition can only suite USA cannot fit UK and Nigeria.

Different Types of Small Businesses

Hundreds of different small business options are available for people looking for the right venture. Although there can be almost as many variations as there are people who undertake a new business, most small businesses fit into certain main categories, based on their legal and ownership structure, company size, business location, and whether they are virtual or brick-and-mortar businesses. Your business probably fits into at least several of these groupings.

Legal Status

The simplest legal forms for small businesses are sole proprietorships and partnerships. Neither is required to be registered with the state and taxes are managed on the owner’s or partners’ personal tax forms. These forms are best when there is little capital property or likelihood of being sued. A corporation is the opposite end of the spectrum, requiring registration with state and local authorities, separate business tax filings and regular meetings with an established board of directors. The S-corporation is a variation suitable for small businesses. Under this formulation, income is passed through to the individual stockholders and reflected on their personal tax forms. An LLC, or limited liability company, is another corporate variation which combines the liability protection of a corporation with the tax structures of a partnership.

Independent Contractors

Perhaps you are a house-painter, freelance writer or party planner. If you work on your own, at times and for clients you choose, your business may fall into the independent contractor category. As the name implies, you create agreements or contracts on a per-job basis to accomplish a set task. Although you are doing work for your client in each case, you are considered self-employed, since you are not employed directly by any of the people for whom you perform jobs. Self-employed individuals are required to file quarterly estimated taxes and are responsible for claiming income on their personal tax forms. Many independent contractors are also home-based businesses.

Physical or Virtual Location

Your small business may have an actual storefront or office, a solely online presence, or a combination of both. A legal practitioner, seamstress or caterer likely will have an office or physical location where she can meet with clients and keep the tools of her trade. A bookseller, translator or freelance writer, on the other hand, might successfully manage his business without a physical shop and do all his business through a website. Other businesses are best served by a combination of both physical and virtual presence — craftspeople in particular typically will display their goods at local craft coops or shows, but also have a website, perhaps as part of a virtual craft mall.

Ownership Criteria

Federal and state governments set aside a limited quantity of contracts or jobs for minority-owned businesses and women-owned businesses. These programs are aimed at providing business opportunities to under-represented groups, often at favorable terms. Businesses owned by veterans of the U.S. military, including some disabled veterans, are also eligible to compete for some of these set-aside jobs.

Details About CBSE Class 11 Commerce Business Studies Small Business

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