Business Studies (BS 1122) - Grade 11

Unit Area Covered Marks
Unit 1 Nature and Purpose of Business 10 Read more
Unit 2 Forms of Business Organizations 10 Read more
Unit 3 Emerging Modes of Business 20 Read more
Unit 4 Business Support Services 10 Read more
Unit 5 Social Responsibility of Business 20 Read more
Unit 6 Sources of Business Finance 10 Read more
Unit 7 Internal Trade 10 Read more
Unit 8 International Trade 10 Read more
Total Marks 100

Unit 1

Nature and Purpose of Business

  • Concept and characteristics of business.
  • Business profession and employment – 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.
  • Commerce – trade: types (internal, external, wholesale, and retail; and auxiliaries to trade: banking, insurance, transportation warehousing, communication, and advertising.

Unit 2

Forms of Business Organizations

  • Sole Proprietorships –features, merits and limitations
  • Partnerships – Features, types, merits and limitations of partnerships and partners, registration of a partnership firm, partnership deed, types of partners
  • Company – Private and Public Limited Companies– Features, merits and limitations
  • Formation of a company
  • Large, Medium, Small and Micro Businesses
  • Other forms of business organization:
    • Public Sector Undertakings
    • Limited and Unlimited Liability Partnerships
    • Cooperatives.
    • Private-Public Partnerships

Unit 3

Emerging Modes of Business

  • E-Business – Scope and benefits, resources required for successful e-business implementation, online transactions, payment mechanisms, security and safety of business transactions
  • 3.2 Outsourcing – Concept, need and scope of BPO (Business Process Outsourcing) and KPO (Knowledge Process Outsourcing).

Unit 4

Business Support Services

  • Banking
  • Insurance
  • Information and Communication Technology Services
  • Transportation
  • Warehousing
  • Logistics
  • Advertising
  • Consultancy

Unit 5

Social Responsibility of Business

  • Concept of Social Responsibility
  • Case for Social Responsibility
  • Corporate Governance
  • Responsibility towards owners, investors, consumers, employees, government and community
  • Environment Protection and Business
  • Business Ethics and its elements

Unit 6

Sources of Business Finance

  • Concept of Business Finance
  • Long-term Sources of Finance – Bank Loan, Debt, Equity and Hybrids
  • Short-term Sources of Finance – Trade Credit, Commercial Papers, Accruals, bank Credit.
  • International Sources of Finance – American depository receipts (ADRs), Global Depository Receipts (GDRs) and Indian depository Receipts (IDRs), Foreign Currency Convertible Bonds (FCCBs) and External Commercial borrowings (ECBs).

Unit 7

Internal Trade

  • Services of a wholesaler and retailer
  • Types of retail trade- itinerant and small scale fixed shops
  • Large scale retailers-departmental stores, chain stores, mail order business.
  • Automatic vending machines
  • Chambers of Commerce and Industry- basic functions.
  • Main documents used in internal trade: Proforma Invoice, Invoice, Debit Note, Credit Note Lorry Receipt, (LR) and Railway Receipt (RR).
  • Terms of Trade : Cash on Delivery (COD), Free on Board (FOB), Cost, Insurance and Freight (CIF), Errors and Omissions Excepted (E&OE).

Unit 8

International Trade

  • Concept and Challenges of International Trade.
  • Export Import Procedures
  • INCO terms
  • Documentation for International Trade
  • WTO – Role and Organization