Business Studies
Class XI

1. Foundation of Business

Units

1. Economic Activities and Business

Meaning of economic activities and distinction between economic and non-economic activities.

Types of economic activities, Business, Professional and Employment: their meaning and comparison. Business as an economic activity.

Range and examples of Business activities.

2. Nature and Purpose of Business

Characteristic of Business

Business risks, nature and sources

Objectives of Business- Economic and social Role of Profit in Business

Concept of Social Obligations

Case for Social Obligations

Responsibilities towards different interest groups e.g. shareholders, employers, consumers, government and society (elementary concepts).

3. Structure of Business

Business Environment -Economic, Political and Social Classification of business activities

Industry and its types

Meaning and functions of commerce

Trade and its types

Auxiliaries to Business activity

4. Service Sector and Business

Need and Classification of Service Sector, Meaning and importance of Transport-modes, Banking-Types and functions of Commercial Banks, Insurance-Principles and types-life, fire and marine others (ware housing, packaging, advertising and promotion)

5. Forms of Business Enterprise

Types of Business Undertaking-Private Sector and Public Sector

Characteristics of Public, Private and Joint Sector Enterprises

Forms of Private Sector Enterprises - general Characteristics

Meaning, features, merits and limitations of following forms-Sole Proprietorship

Joint Hindu family business

Partnership, including types of partners, formation and registration, partnership deed (Main Clauses)

and type of partnership formation

Co-operative Societies

Company

II. Corporate Organization, Finance and Trade

6. Corporate Organization

Types of Companies-Private and Public

Privileges of Private Company

Rationales of Public Sector

Forms of Organizing Public Sector Enterprises:

(a) Departmental Undertakings

(b) Statutory corporation

(c) Government Company

Multinational Companies (examples)

7. Formation of a Company

Promotion: Meaning and Role of promoters

Incorporation of Company:

(a) Memorandum of' Association, Articles of Association and distinction between the two documents

(b) Filing of documents and registration

(c) Certificate of Incorporation

(d) Floatation-Prospectus, its nature and importance.

(e) Commencement of business

8. Sources of Business Finance

Nature and significance.

Types of Business Finance and their uses-long term, medium term and short term

Sources of Finance-Owners funds and borrowed funds

-Meaning and characteristics of the following sources:

(a) Equity and Preference Shares

(b) Debentures-types (secured and unsecured. convertible and non-convertible)

(c) Institutional Finance - Objectives, types of assistance, names of national level institutions

(d) Retained Profit-Meaning and characteristics

(e) Public Deposits-Meaning and characteristics

(f) Bank Finance.

9. Stock Exchange

Meaning and importance

Functions

Names of Stock Exchange in India

Types of operators-Broker, Jobbers, Bulls and Bears Terms in Stock Exchange quotations - ex-dividend, cum-dividend, spot delivery and forward delivery

10. Internal Trade

Meaning and types

Wholesale Trade-functions and services

Types of retail organizations:

(a) Itinerant and Fixed Shops,

(b) Departmental Store chain store mail order houses, consumers' co-operative store (including super bazaar)

11. External Trade

Nature and importance

Import Procedure (Brief of outline)

Export Procedure (Brief outline) Documents used in foreign trade-Indent, letter of credit. Bill of lading, charter party

Financing of trade (Elementary treatment)

Book Recommended

Business Studies by Dinkar Pagare published by Sultan Chand & Co.