Business Studies

Business studies is one of the most important subjects in class 12th. Students should study it properly for the board examination and other competitive examinations. The syllabus for the business studies is mentioned below. It is as per the updated and latest guidelines of CBSE for the academic year 2022-23.

Part A: Principles and Functions of Management 

Unit 1: Nature and Significance of Management 

• Coordination – Concept and importance 

• Management functions 
  • Controlling and directing 
  • Staffing 
  • Organizing 
  • Planning 

• Levels of management 
• Management as science, art and profession
• Management 
  • Concept 
  • Importance 
  • Objectives 

Unit 2: Principles of Management 

• Taylor’s scientific management 
  • Principle and techniques 

• Fayol’s principles of management 
• Principles of management 
  • Concept and significance 

Unit 3: Business Environment 

• Demonetization 
  • Features and concepts 

• Dimensions of business environment 
  • Legal and political 
  • Technological
  • Social
  • Economic 

• Business environment 
  • Importance and concept 

Unit 4: Planning 

• Single use and standing plans 
  • Budget and programme 
  • Method rule 
  • Procedure 
  • Policy 
  • Strategy 
  • Objectives 

• Planning process 
• Concept, limitation and importance 

Unit 5: Organizing 

• Decentralization 
  • Concept and importance 

• Delegation 
  • Importance, elements and concept 

• Structure of organisation 
  • Formal and informal organization – concept
  • Functional and divisional concept 

• Organising process

Unit 6: Staffing 

• Training and development 
  • Apprenticeship training and internship training
  • Vestibule training 
  • Methods of training – on the job and off the job 
  • Concept and importance 

• Selection process 
• Recruitment process
• Staffing process
• Staffing as a part of human resource management concept 
• Concept and importance of staffing 

Unit 7: Directing 

• Communication 
  • How to overcome the barriers 
  • Barriers to effective communication 
  • Formal and informal communication 
  • Concept 

• Leadership – concept 
• Styles 
  • Democratic, laissez faire and authoritative 

• Motivation 
  • Financial and non financial incentives 
  • Maslow’s hierarchy of needs
  • Concept 

• Elements of directing 
• Concept and importance 

Unit 8: Controlling 

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

Part B: Business Finance and Marketing 

Unit 9: Financial Management 

• Final and working capital 
  • Concepts and factors affecting their requirements 

• Capital structure 
  • Concept and factors affecting their structure 

• Financial planning 
  • Concept and importance 

• Financial decisions 
  • Financing and dividend 
    • Meaning and factors affecting 
    • Investment 

• Concept, role and objectives of financial management 

Unit 10: Financial Markets 

• Securities and Exchange Board of India [SEBI]
  • Importance and objectives

• Stock exchange 
  • Function and trading procedure 

• Capital market and its types [primary and secondary]
• Money market – concept 
• Financial markets – concept 

Unit 11: Marketing 

• Promotion – concept and elements
  • Sales promotion and public relations 
  • Personal selling 
  • Advertising 

• Physical distribution 
  • Channels of distribution
  • Concept and components 

• Price 
  • Factors determining price 
  • Concept 

• Product 
  • Branding 
  • Labeling 
  • Packaging 
• Marketing mix – concepts and elements 
• Marketing 
  • Concept 
  • Functions 
  • Philosophies 

Unit 12: Customer Protection 

• Consumer Awareness 
  • Role of governmental and nongovernmental organizations 

• Consumer Protection Act, 2019
  • Remedies available 
  • Redressal machinery
  • Who can file a complaint?
  • Rights and responsibilities of consumers 
  • Meaning of consumers 

• Concepts and importance of consumer protection 

 Unit 13: Project work