CBSE Class 12 Business Studies Syllabus 2023-24 | For 2024 Board Exams | Free PDF Download

CBSE Class 12 Business Studies Syllabus for 2023-2024 Board Exams:

The CBSE Class 12 Business Studies Syllabus covers a wide range of topics and advanced knowledge on the subject, as well as all of the questions in the Business Studies syllabus. A solid piece of business knowledge can influence an organization's growth, earnings, personal development, and people's daily life. The business has a significant impact on our standard of living and lifestyle, as well as the environment in which we live. Students can access the CBSE Class 12 Business Studies Syllabus using the link provided above.

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CBSE Class 12 Business Studies Syllabus

CBSE Class 12 Business Studies Syllabus (Unit-wise):

Unit 1: Nature and Significance of Management

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

Unit 2: Principles of Management

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

Unit 3: Business Environment

• Dimensions of Business Environment, Economics, Social, Technological, Political and Legal
• Demonetization – concept and features
• Business Environment- concept and importance

Unit 4: Planning

• Single-use and standing plans. Objectives, Strategy, Policy, Procedure, method Rule, budget and Programme
• Concept, importance and limitation
• Planning process

Unit 5: Organising

• Concept and importance
• Decentralisation: concept and importance
• Organising Process
• Structure of organisation- functional and divisional concept. Formal and informal organisation- concept
• Delegation: concept, elements and importance

Unit 6: Staffing

• Concept and importance of staffing
• Staffing process
• Recruitment process
• Selection – process
• Staffing as a part of Human Resource Management concept
• 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
• Communication – concept, formal and informal communication; barriers to effective communication, how to overcome the barriers
• Elements of Directing
• Motivation – concept, Maslow’s hierarchy of needs, Financial and non-financial incentives
• Leadership – concept, styles – authoritative, democratic and laissez-faire

Unit 8: Controlling

• Steps in process of control
• Controlling – Concept and importance
• Relationship between planning and controlling

Unit 9: Financial Management

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

Unit 10: Financial Markets

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

Unit 11: Marketing

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

Unit 12: Consumer Protection

• Concept and importance of consumer protection
• Consumer awareness – Role of consumer organizations and Non-Governmental Organizations (NGOs)
• Consumer Protection Act 2019:
• Meaning of consumer
• Rights and responsibilities of consumers
• Who can file a complaint?
• Redressal machinery
• Remedies available

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The Central Board of Secondary Education (CBSE) Class 12 Business Studies syllabus for the academic year 2023-2024 aims to provide a strong foundation in business concepts and principles to students. It also helps students develop analytical and decision-making skills, which are essential for success in the world of business. The syllabus is designed to meet the needs of a diverse student population, with a focus on the practical application of business concepts.

The Business Studies syllabus is divided into two parts: Part A and Part B. Part A consists of four units that cover the basics of business, including business organization, types of business, forms of ownership, and business environment. Part B consists of four units that cover more advanced topics, such as financial management, marketing, and human resource management.

Unit 1: Business, Trade, and Commerce

This unit introduces students to the concept of business and trade. It covers the different types of business, such as service, manufacturing, and retail, as well as the different forms of ownership, such as sole proprietorship, partnership, and corporation. The unit also covers the various types of trade, including domestic, international, and e-commerce.

Unit 2: Forms of Business Organization

This unit covers the various forms of business organization, including sole proprietorship, partnership, and corporation. It also covers the advantages and disadvantages of each form, as well as the legal requirements for setting up a business. The unit also covers the concept of limited liability and how it affects business owners and shareholders.

Unit 3: Business Environment

This unit covers the various factors that affect businesses, including economic, social, technological, and legal factors. It also covers the concept of corporate social responsibility and how businesses can contribute to the well-being of society. The unit also covers the role of government in regulating businesses and the impact of international trade on business operations.

Unit 4: Planning

This unit covers the concept of business planning and the importance of setting goals and objectives. It also covers the different types of plans, such as strategic, operational, and contingency plans, and how they are used in business. The unit also covers the role of market research in planning and the importance of risk assessment and management.

Unit 5: Financial Management

This unit covers the concept of financial management and the importance of financial planning in business. It also covers the different sources of finance, such as debt and equity, and the pros and cons of each source. The unit also covers the concept of working capital and how it affects business operations.

Unit 6: Marketing

This unit covers the concept of marketing and the importance of understanding customer needs and preferences. It also covers the different types of marketing, such as product, price, promotion, and place, and how they are used in business. The unit also covers the role of market research in marketing and the importance of segmentation, targeting, and positioning.

Unit 7: Human Resource Management

This unit covers the concept of human resource management and the importance of managing people in business. It also covers the different functions of human resource management, such as recruitment, selection, training, and performance appraisal. The unit also covers the role of communication in human resource management and the importance of diversity and inclusion in the workplace.

Unit 8: International Business

This unit covers the concept of international business and the importance of global expansion for businesses. It also covers the different types of international business, such as exporting, importing, and foreign direct investment, and the pros and cons of each type. The unit also covers the impact of cultural differences on international business and the role of international organizations in facilitating global trade.

How to use CBSE Class 12 Business Study Syllabus?

The CBSE Class 12 Business Studies syllabus is an important resource for students to understand the key concepts and principles of business. It is important for students to use the syllabus effectively in order to perform well in their exams and gain a strong foundation in business knowledge. Here are a few tips on how to use the CBSE Class 12 Business Studies syllabus:

Understand the structure of the syllabus: The syllabus is divided into two parts, with each part containing four units. Familiarize yourself with the structure of the syllabus so that you can plan your studies effectively.

Focus on the key concepts and topics: The syllabus covers a wide range of topics, but it is important to focus on the key concepts and topics that are tested in the exams. Make a list of the most important concepts and topics and prioritize your studies accordingly.

Use the syllabus as a study guide: The syllabus serves as a comprehensive guide to the key concepts and topics that you need to cover in your studies. Use it to create a study plan and make sure you understand all the concepts and topics listed in the syllabus.

Practice with past papers: Past papers are a great way to get an idea of the types of questions that are asked in the exams. Use past papers to practice and test your knowledge of the key concepts and topics covered in the syllabus.

Seek help if needed: If you are struggling to understand a particular concept or topic, don't be afraid to seek help. You can ask your teacher or tutor for clarification or seek additional resources online or in study guides.

By following these tips, you can effectively use the CBSE Class 12 Business Studies syllabus to improve your understanding of business concepts and principles and perform well in your exams.

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