Business Studies is considered as one of the interesting and engaging commerce subjects for class 11th students. Whether you have opted for the commerce stream with or without mathematics, it remains to be an essential part of the curriculum and CBSE Subjects for Class 11. For those wanting to delve deeper into how business organisations work, from their formation to the operations, Business Studies encompasses all the pivotal concepts. So, through this blog, we aim to bring a detailed guide of Business Studies class 11 syllabus, its course objectives as well as an overview of the topics prescribed by the CBSE.
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As the study of business enterprises and their functioning is an integral part of the Commerce stream, the coursework of this subject aims to provide students with a basic understanding of the varied principles and practices prevalent in the business and industry along with detailing their relationships with the society. Further, the central objectives of Business Studies Class 11 are summarised below:
- To familiarise students with the operational framework of business organisations, their processes as well as interaction with the corresponding environment and the industry as a whole.
- To elaborate upon how Information Technology and Globalization has impacted the business world through introduction to e-commerce, and its related concepts.
- To prepare students to effectively assess, manage, analyse as well as respond to business changes, crises and environment. It also understands that business impacts and is, in turn, impacted by the economic, social, legal and political forces.
Structure & Syllabus for Business Studies Class 11
Now, let’s comprehend the course structure of Business Studies Class 11. The syllabus for this discipline is spread across three parts, out of which two are of theory and the final one comprises of a project work. Take a look at the table below which gives an overview of the course.
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Part A: Foundation of Business
Under the Business Studies Class 11 syllabus, the first section is based on imparting the basic of commercial organization, their types, emerging modes as well as Business ethics. The marking scheme and units of Part A are enlisted in the following table and further elaborated in the subsequent paragraphs.
|1. Business Trade & Commerce
2. Forms of Business Organizations
|3. Public, Private & Global Enterprises
4. Business Services
|5. Emerging Modes of Business
6. Social Responsibility & Business Ethics
Unit 1: Business Trade and Commerce (Earlier Named as Nature & Purpose of Business)
Essential concepts of the first unit of the syllabus of Business Studies Class 11 unit are as follows:
- Concepts of profession, business and employment
- Features and meaning of business
- Concepts involving business risks
- Classification of business activities involving industry and commerce
- Objectives of business
- Meaning of commerce trades and its types (external and internal; retail and wholesale) auxiliaries to trade (transportation, insurance, banking, warehousing, advertising and communication)
- Subgroups, types and meaning of industries: primary, secondary and tertiary
Unit 2: Forms of Business Organizations
In the forms of business organisations, the syllabus of business studies class 11 encompasses the types of business setups as well as the process of formation of a company amongst others. The key sections covered in this unit are given a rundown below.
- Foundation of concepts of the company: various stages and important documents to be used in the formation of the company
- Concepts, merits and limitation of a company along with types: Public, Private and One Person company
- Choices of the form of business organization
- Features of Hindu undivided family business
- Merits, Types, Concepts and Limitations of Cooperative Societies
- Features, merits and limitations of Sole Proprietorship
- Registration of a partnership firm; partnership deed; types of partners; merits, limitations of partnership
This unit emphasises on the familiarisation of the major types of business enterprises to Business Studies Class 11 students. The concepts included under this sub-section constitute the following:
- Foundations of the public sector and private sector enterprises
- Features of Global enterprises (MNCs)- joint ventures and private, public partnership
- Types of public sector enterprises: statutory corporations; government company and departmental undertaking
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Unit 4: Business Services
An important glimpse of business studies class 11 of unit 4 are-
- Meaning of banking, types of bank accounts- savings, current, recurring, fixed deposits and multiple options of deposit account along with types and meaning of business services
- Bank overdraft; cash credit; banking services with particular reference to bank draft; cash credit; types of digital payment- meaning of E-Banking
- Concept of courier; postal services- registered post, mail, speed post, parcel
- Principles of Insurance and types of health, life, fire and marine insurance
Unit 5: Emerging Modes of Business
With the advent of the internet, the commercial industry has been transformed in a multitude of ways. Some of the major concepts included under this unit of Business Studies class 11 are:
- Scope, need and concepts of Business Process Outsourcing (BPO) and Knowledge Process Outsourcing (KPO)
- Benefits and scope of E-business
Every business needs to aware of their role in contributing to the society as well as the laws and ethics prevalent in the commercial domain. We have listed down the topics of this unit below:
- Case of social responsibility
- Role and meaning of environment protection and business
- Elements and theories business ethics
- Role and meaning of environment protection and business
- Responsibility towards investors, owners employees, consumers, government and community
Part B: Finance and Trade
|1. Sources of Business Finance
2. Small Business
|3. Internal Trade
4. International Business
Unit 7: Sources of Business Finance
Students will get to know about the following topics while studying the sources of Business Finance:
- Concepts of retained earnings; Global Depository Receipts (GDR); American Depository Receipts (ADR); owner’s equity shares and funds along with preference shares; International Depository Receipts (IDR)
- Features of business finance
- Importance of nature and meaning of business finance
- Bonds and debentures; loan from a commercial bank and financial institutions; trade credit; public deposits; Inner Corporate Deposits (IDC); borrowed funds
Unit 8: Small Business and Enterprises
Since small businesses are an integral part of the commercial industry, it is pivotally included in the syllabus for Business Studies. Take a look at the below-mentioned components you will get to learn about:
- Role of small business in India with emphasis on rural areas
- Small scale enterprises as defined by the MSMED Act 2006 (small, micro and Medium Enterprises Development Act)
- Agencies for small scale industries and government schemes; District Industrial Centre (IDC) and National Small Industries Corporation (NSIC) with special reference to rural and backward areas
- Concept, characteristics and needs of Entrepreneurship Development (ED)- intellectual property rights and entrepreneurship along with process entrepreneurship development: Startup India Scheme and ways to fund start-up
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Unit 9: Internal Trade
The topic of Internal Trade under the syllabus of business studies class 11 comprises of:
- Concepts of automatic vending machine
- Concepts of Large scale retailers- Departmental stores and chain stores
- Features and types of retail-trade-Itinerant and small scale fixed shops
- Major documents used in internal trades- invoice, debit note, credit note, performa and invoice, Lorry Receipt (LR) and Railways Receipts (RR)
- Meaning of internal trade and types of services rendered by a wholesaler and a retailer GST (Goods and Services Tax) with all its key-features and concepts
- Thorough explanation of the terms Cash on Delivery (COD), Cost, Insurance and Freight (CIF), Free on Board (FOB), Errors and Omissions Expected (E&OE)
Unit 10: International Trade
The core concepts you will study under International Trade include:
- Benefits and concepts of international trade
- Objective, meaning and procedure of Import Trade
- Export Trade- meaning, objective and procedure
- Scope of international trade to national business and firms
Project Work in Business Studies in Class XI
The business studies curriculum at senior school level helps students in building understanding of the principles behind businesses and trade. They understand the dynamics of business that bring together technology, natural resources, and human initiative in the world. To understand the framework in which business operates, and its interaction with the social, economic, technological, and legal environment, CBSE has included project work in the business studies syllabus for class 11th. The project is designed to allow students to understand the integral components of society and then develop an understanding for social and ethical issues regarding them.
The aim of the project is to empower the students regarding all the concepts in the business world with clarity and context. The students can enjoy studies and use their free period effectively.
The primary objectives of project work are:
- To develop a practical approach by using modern technologies in business and management.
- It helps in exposure to the operational environment
- It inculcates the skills of problem-solving, time management, teamwork, collection of information and process, analysis and synthesis of meaningful conclusions.
- The involvement in a research project helps in demonstrating students capabilities and enjoy the experience of learning.
After the Stipulated time, each student has to prepare their projects. The key guidelines to be followed during the project submission are mentioned below. Stipulated time, each student has to prepare their projects. The key guidelines to be followed during the project submission are mentioned below.
- Understanding the nature of business organisations
- Determinants of location such as space, rented or owned, and more
- Nature of goods and source of merchandise
- Role of cooperative societies
- Role of gifts of nature and natural products
- The kind of buyers and sellers
- Modes of good dispersion, quantity sold, type of carrying package used
- The pricing at Emporium
- Factors determining the pricing
- Comparison between the different prices of goods available with the open market
- Availability of raw materials, kind of ROMaterial used
- Techniques employed in making products
- Child labour involvement in product making
- Usage of eco-friendly or non-eco-friendly manufacturing items and many more.
The marks will be allocated on the following parameters.
1) Initiative, cooperativeness and participation: 2 Mark
2) Creativity in presentation: 2 Mark
3) Content, observation and research work: 4 Marks
4) Analysis of situations: 4 Marks
5) Viva: 8 Marks
Total 20 Marks
1. What are the Types of Questions Asked in the Business Studies Class 11 Examination?
The Class 11 Business Studies examination is for a total of 100 marks, 80 marks for theory and the remaining 20 marks are evaluated on the basis of project work. The time duration for the exam is 3 hours and the types of questions asked in the exam are as follows:
- Objective type Questions- 20 X 1 mark each
- Short Answer type I questions- 5 X 3 marks each
- Short Answer type II questions- 3 X 4 marks each
- Long answer type I questions- 3 X 5 marks each
- Long answer type II questions- 3 X 6 marks each
2. What is the Objective of the Business Studies Subject in Class 11?
The aim of the Business Studies subject is to capitulate the basic understanding of business structures, types of business organization, the evolution of business, and the social responsibility that comes with running a business. The syllabus includes the studies of finances, its sources, and how it is managed. Students also learn the ins and outs of trade and international business.
3. Which book is best for business studies class 11 CBSE?
Business Studies Business Studies Textbook for Class – 11 Business Studies for Class XI Business Studies by CBSE.
4. How can I prepare for business class 11?
Solving sample papers of Accountancy, Economics and Business studies, helps students to practice for the final exam. Giving clear answers in exams can help in overcoming the fear of losing marks. Practise can make students perfect and well-prepared.
5. Is Commerce easy or science?
Commerce is everywhere. When course structure and syllabus are compared, commerce is comparatively easier than science. Commerce requires students to be thorough with their concepts and apply them in real world scenarios.
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Thus, we hope that this blog has familiarised you with the essential contents of Business Studies Class 11. If you are planning to pursue a degree in the domain of Commerce after class 12th and don’t know which one to opt for, sign up for a free 30-minute career counselling session with our experts at Leverage Edu and we will guide you in finding a suitable course and university that aligns with your interests and skills and assists you in actualising your career aspirations.