Best Business Studies Classes for 12th Commerce

The courses in Business Studies are introduced at + 2 stage of Senior Secondary Education. 

The course in Business Studies prepares students to analyze, 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

BUSINESS STUDIES (Code No. 054) 

Class 12th CBSE Business Studies Term Wise Syllabus 

 

Units	Term 1	Periods	Marks
Part A	Principles and Functions of Management
1.	Nature and Significance of Management	12	16
2.	Principles of Management	11
3.	Business Environment	08
4.	Planning	08	14
5.	Organising	10
	Total	49	30
Part B	Business Finance and Marketing
11.	Marketing Management	24	10
	Grand Total	73	40
	Project Work (Part 1)		10

 

 

Units	Term 2	Periods	Marks
Part A	Principles and Functions of Management
6.	Staffing	13	20
7.	Directing	09
8.	Controlling	07
	Total	29	20
Part B	Business Finance and Marketing
9.	Financial Management	20	15
10.	Financial Markets	18
12.	Consumer Protection	05	5
	Total	43	20
	Grand Total	72	40
	Project Work (Part 2)	10

 

 

Term 1 Detailed syllabus - Chapter wise 

Part A: Principles and Functions of Management

Unit 1: Nature and Significance of Management

• Management – concept, objectives, and importance
• Management as Science, Art and Profession
• Levels of Management
• Management functions-planning, organising, staffing, directing and controlling
• Coordination- concept and importance

Unit 2: Principles of Management

• Principles of Management- concept and significance
• Fayol’s principles of management
• Taylor’s Scientific management- principles and techniques

Unit 3: Business Environment

• Business Environment- concept and importance
• Dimensions of Business Environment,Economic, Social, Technological, Political and Legal

Unit 4: Planning

• Planning: Concept, importance and limitation
• Planning process

Unit 5: Organising

• Organising: Concept and importance
• Organising Process
• Structure of organisation- Functional and Divisional Concept.
• Delegation: concept, elements and importance
• Decentralisation: concept and importance

Unit 11: Marketing

• Marketing – Concept, functions and philosophies
• Marketing Mix – Concept and elements
• Product – branding, labelling and packaging – Concept
• Price – Concept, Factors determining price
• Physical Distribution – concept
• Promotion – Concept and elements; Advertising, Personal Selling, Sales Promotion and Public Relations

 

Term 2 Detailed syllabus - Chapter wise

Unit 6: Staffing

• Concept and importance of staffing
• Staffing process
• Recruitment process
• Selection – process
• Training and Development – Concept and importance, Methods of training – on the job and off the job – vestibule training, apprenticeship training and internship training

Unit 7: Directing

• Concept and importance
• Elements of Directing
• Motivation – concept, Maslow’s hierarchy of needs, Financial and non-financial incentives
• Leadership – concept, styles – authoritative, democratic and laissez faire
• Communication – concept, formal and informal communication

Unit 8: Controlling

• Controlling – Concept and importance
• Steps in process of control

Part B: Business Finance and Marketing

Unit 9: Financial Management

• Concept, role and objectives of Financial Management
• Financial decisions: investment, financing and dividend- Meaning and factors affecting
• Financial Planning – concept and importance
• Capital Structure – concept and factors affecting capital structure
• Fixed and Working Capital – Concept and factors affecting their requirements

Unit 10: Financial Markets

Concept:

• Financial Markets: Concept, Functions and types
• Money market and its instruments
• Capital market and its types (primary and secondary), methods of floatation in the primary market
• Stock Exchange – Functions and trading procedure
• Securities and Exchange Board of India (SEBI) – objectives and functions

Unit 12: Consumer Protection

• Concept and importance of consumer protection
• Consumer Protection Act 2019:
  Meaning of consumer
  Rights and responsibilities of consumers
  Who can file a complaint?
  Redressal machinery
  Remedies available

Unit 13: Project Work 

 

Guidelines for Project Work in Business Studies for Class 12

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, analyse it further to obtain relevant information and decide what matter to keep.
One Project to be done throughout the session, as per the existing scheme.

Objectives
After doing the Project Work in Business Studies, the students will be able to do the following:

• Probe deeper into personal enquiry ,initiate action and reflect on knowledge and skills, views etc. acquired during the course of Class XII .
• Analyse and evaluate real world scenarios using theoretical constructs and arguments
• Demonstrate the application of critical and creative thinking skills and abilities to produce an independent and extended piece of work.
• Follow up aspects in which learners have interest.
• Develop the communication skills to argue logically.

 

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