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The glorious education, previous year question paper bcom (prog) business laws university of delhi, case studies of bst class 11 ch - 1 nature and purpose of business, class -11 business studies , chapter - 1 nature and purpose of business, case study and value-based questions with answers .

  Q1. Mr. Bhuvan is a Chartered Accountant in a Multinational Company. He gets rs 85,000 per month as his salary. On weekends, Mr. Bhuvan goes to nearby village and teaches some slum children, he does not charge anything from them, he does it out of sympathy and children. This gives him mental and psychological satisfaction. concern for poor.

(a) Working as CA in a MNC refers to which type of human activity. (b) Teaching students in slum is which type of human activity. (c) Identify the values followed by Bhuvan.

Ans. (a) Economic

(b) Non-Economic

(c) (i) Value of love and care.

  (ii) Value of helping poor.

Q. 2. Rajiv wants to start a whole sale business of readymade garments, but he is hesitating as it involves various problems such as customers for moving goods from place of production to market, informing customers about new designs and varieties added every season, threat of risk loss by fire or accident, storing the excess stock of goods, etc. He approaches his friend Sandeep who explained him about some branches of commerce, which can help Rajiv to overcome his hesitation.

(a) State the type of business Rajiv is planning to start.

(b) State which dimension of business can help Rajiv to overcome these hindrances. (c) Specify different types of Auxiliaries to trade which can help Rajiv to overcome his problems. Quote the line for each type from above Para.

  Ans. (a) Trade - Whole sale Trade.

  (b) Commerce

  (c) (i) "Searching for Customer" – Trade (ii) "Moving goods"

(iii) "Informing customers"

  (iv) "Threat of Risk" Transportation -                     Advertisement Insurance -

  Q. 3. Indu bought a readymade dress for ₹ 5000. Her friend liked the design of dress very much, so Indu sold the same dress to her friend for 5500 and made a profit of 500. After completing her studies Indu opened a shop of selling readymade dresses for girls.

(a) Can transaction between Indu and her friend be termed as business?

(b)State the features related to 'a'.

  (c) Can the sale of dresses on her shop be called as business?

  Ans.(a) No.

(b) "Regular Basis".

  (c) Yes, as it is done on Regular Basis.

Q. 4. Name the following:

(a) The economic activity showing a risk element and carried on profit.

(b) The trade in which two countries are involved.

(c) The trade in which goods are imported from one country for the purpose of exporting to other country.

(d) The industry which involves breeding and reproduction of plants and animals.

(e) The branch of commerce which remove hindrance of place.

Ans. (a) Business

  (b) External Trade

(c) Entrepot

(d) Genetic Industry

(e) Transportation.

Q. 5. An organisation planned to use CFL and LED which consume less electricity to reduce operational cost. They also give preference to labour intensive technique of production. What values company is implementing?

Ans.1. Value of saving electricity.

2. Value of creating employment opportunities.

3. Value of reduction in cost.

Q. 6. An organisation arranges recreational activities for its employees to refresh them and also send them for training to update their knowledge. What values are followed by the company? .

Ans. 1. Value of meeting personal objectives.

2. Value of motivating employees.

3. Values of giving job satisfaction to employees.

Q. 7. A Chartered Accountant advised his elient how to convert black money into white money and he also guided him how to save income tax by hiding his income. Is his act justified.

Ans. No conduct of CA and businessmen are not justified:

(a) CA is violating his code of conduct by acting unethically.

(b) Cheating government by paying less income.

(c) Acting dishonestly.

(d) The act is not even unethical but illegal also.

Q. 8. A Tool and Equipment Manufacturing Company gave bribe to purchase manager of a factory to buy tools of low quality and which are not having safety norms. The purchase manager accepted the offer and gave a big order. What values are violated?

Ans. 1. Value of playing with the health of workers.

  2. Not fulfilling safety norms competition. 3. Offering bribe is an unlawful act.

  Q.9. A unit set up by Tata in rural area and the company plan to develop roads, parks of that area they also started a school for local children of that area. What values are followed?

Ans. 1. Fulfilling social objectives.

2. Increasing literacy rate.

3. Improving standard of living.

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Monday 12 September 2016

Business studies case studies class 11; chapters 3,4 and 5, 14 comments:.

case study of class 11 business studies

Sir inke solutions kha milenge

Sir where are the answers of all these questions

Yes sir we want answers

anssererdsd

sir answers pls

answer de na

Ans. Dasso yrr

Give answer of these case studies

answers bhej do yrr

Sir answer kaha h

case study of class 11 business studies

Amul is a big brand now. Read how supply chain of amul work.

Thank you for sharing amazing case studies related to business. Case Studies For Small Businesses

NCERT Solutions for Class 6, 7, 8, 9, 10, 11 and 12

CBSE Sample Papers for Class 11 Business Studies with Solutions 2023-2024

Solved CBSE Sample Paper Class 11 Business Studies 2023-2024 with Solutions: Solving Pre Board CBSE Sample Papers for Class 11 Business Studies with Solutions Answers 2023-2024 Pdf Download helps to understand the pattern of questions asked in the board exam. Know about the important concepts to be prepared for CBSE Class 11 Business Studies board exam and Score More marks. Here we have given CBSE Class 11 Business Studies Sample Papers 2023.

Board  – Central Board of Secondary Education (CBSE) Subject – CBSE Class 11 Business Studies Year of Examination – 2023-2024

CBSE Sample Paper Class 11 Business Studies 2023-2024 with Solutions

According to the new CBSE Exam Pattern, MCQ Questions for Class 11 Business Studies also carry marks in the board exam. Click on the link below to access the CBSE Class 11 Business Studies Sample Paper 2023 Solved.

CBSE Class 11 Business Studies Sample Papers 2023 with Solutions

  • CBSE Sample Papers for Class 11 Business Studies Set 1
  • CBSE Sample Papers for Class 11 Business Studies Set 2
  • CBSE Sample Papers for Class 11 Business Studies Set 3
  • CBSE Sample Papers for Class 11 Business Studies Set 4
  • CBSE Sample Papers for Class 11 Business Studies Set 5

Business Studies Sample Paper Class 11 Question Paper Design 2023-24

MCQ’s 19 1 × 19 = 19 20 Marks
Assertion & Reason 1 1 × 1 = 1
SATQ-I 4 3 × 4 = 12 12 Marks
SATQ-II 6 4 × 6 = 24 24 Marks
LATQ 3 6 × 3 = 18 18 Marks
Case-Based Questions 1 6 × 1 = 6 6 Marks
Chapter 1 Nature and Purpose of Business 18 16
Chapter 2 Forms of Business Organisations 24
Chapter 3 Public, Private, and Global Enterprises 18 14
Chapter 4 Business Services 18
Chapter 5 Emerging Modes of Business 10 10
Chapter 6 Social Responsibility of Business and Business Ethics 12
Chapter 7 Sources of Business Finance 30 20
Chapter 8 Small Business 16
Chapter 9 Internal Trade 30 20
Chapter 10 International Business 14
Exhibit memory of previously learned material by recalling facts, terms, basic concepts, and answers.

Demonstrate understanding of facts and ideas by organizing, comparing, translating, interpreting, giving descriptions, and stating main ideas.

44 55%
Solve problems in new situations by applying acquired knowledge, facts, techniques, and rules differently. 19 23.75%
Examine and break information into parts by identifying motives or causes. Make inferences and find evidence to support generalizations.

Present and defend opinions by making judgments about information, validity of ideas, or quality of work based on criteria.

Compile information together in a different way by combining elements in a new pattern or proposing alternative solutions.

17 21.25%

We hope these CBSE Sample Papers for Class 11 Business Studies with Solutions 2023-2024 will help in self-evaluation. Stay tuned for further updates on the CBSE Sample Paper of Business Studies Class 11 2023 for their exam preparation.

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case study of class 11 business studies

Class 11th Business Studies - Internal Trade Case Study Questions and Answers 2022 - 2023

QB365 provides a detailed and simple solution for every Possible Case Study Questions in Class 11 Business Studies Subject - Internal Trade, CBSE. It will help Students to get more practice questions, Students can Practice these question papers in addition to score best marks.

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Internal trade case study questions with answer key.

11th Standard CBSE

Final Semester - June 2015

Business Studies

Vishal Mega Mart is India's largest Fashion-led hypermarket chain with a footprint of over 204 stores, cumulative trading area in excess of 3 million square feet, in over 110 cities and towns across India. Vishal is sharply focused at the needs of consumers in Apparel, General Merchandise, Grocery and Personal Care in Tier-L, Tier-2 and Tier-3 cities and towns and is dedicated to offer the best value and choice to its millions of customers. Vishal offers clearly differentiated value to customers in the following product categories for which it has three departments. (a) Fashion: Fresh, trendy and affordable fashion comprising latest Apparel, Footwear & Lifestyle accessories collection across Men's, Women's & Kid's. (b) General Merchandise: Catering to all the household needs such as Kitchen-ware, Home Furnishings, Luggage & Travel Accessories, HomelKitchen Appliances, Toys & Sports etc. at best prices (c) Grocery and Household Needs: Catering to all daily needs with an extensive Grocery & Staples, Packed Food, Branded Personal Care and Household Needs products. Which type of large scale retail trade is being referred to here? How many departments are there? Mention two merits of the type of large scale retail trade identified in part I. Mention two demerits of the type of large scale retail trade identified in part I.  

The retail sector of Indian economy is categorized into two segments such as organized retail sector and unorganized retail sector. The latter holds larger share of the retail market. The key drives of the growth in retail consumption in India are basically (i) Clothes, Textile & Fashion Accessories (ii) Food, Grocery & General Merchandise The top 10 companies which have the most shares in organized retail market of India are:

Pantaloon Retail Pantaloons, Central, Brand Factory, Ezone, Home town, Planet sports, Bigbazar, Foodbazar, KB's Fair Price Shop.
K Raheja Group Shoppers Stop, Crossword, Inorbit, Hyper city.
Tata Group Croma, Landmark, Poltrona Frau Group Design Center, Star Bazaar, Tashi, Westside.
RPG Group Spencer's, Books and Beyond, Music world.
Landmark Group Centrepoint, Babyshop, Splash, Shoe Mart, Lifestyle, Beautybay, Iconic, Q Home Decor, Candelite, Max, Shoexpress, Emax, Lifestyle Department Stores, SPAR hypermarkets, Landmark International, Footwear Division.
Parimal Group Piramyd Megastore, Piramyd Supermarket, Jamin.
Reliance Reliance Fresh, Reliance Trends, Reliance Foot Print, Reliance Digital.
AV Birla Group More

Organized retail that has arrived in different formats as follows; Organized retail that has arrived in different formats as follows; (a) Hyper markets (b) Cash and Carry (c) Supermarkets (d) Discount Stores (e) Department Stores (f) Convenience Stores (g) Neighborhood stores (h) MBO (Multi-Brand Outlets) Organized retailing in India has been largely explored in urban or in metro cities. It's largely successful in NCR and Mumbai Region and major parts of southern portion of India. The entry of Malls, the largest form of organized retailing, which are located mainly in metro cities, in proximity to urban outskirts turned out to be a catalyst for Organized retailing. Source: https:/ / dartconsulting.cco.in/market- new/stop-10 retail-chains-in-India-success-stories-of-organized-retailing-and-stories-of-organised-retail-failure-in-india/. Which type of large scale retail trade reliance fresh is engaged in? Give three features of this type of organization. Identify two values that these large scale retail organizations communicate to the society.

Delhi Consumer's Cooperative Wholesale Store Ltd is a registered society under Delhi Cooperative Societies Act. It was registered in the year 1962. It was set up for supplying Consumer goods to its affiliated various Primary Consumer cooperative Stores functioning in various parts of the metropolis. The need for establishment of this society arose during the post China aggression period when the prices of the essential commodities went sky-high in the market due to over-all shortages of consumer goods created by the traders by hoarding stocks for profiteering. The society was required to make bulk procurement of essential consumer goods from the sources and supply the same to the affiliated Primary stores & to public at large on reasonable prices, to enable those stores to sell the consumer goods to the public at lower prices than those prevailing in the open market. The main objective of the Store is:- (a) To supply consumer goods to the public at reasonable rates through its Primary Consumer's Cooperative Stores and public through retail outlets of Apna Bazar functioning in the length and breadth of the Metropolis; (b) To supply stationery items and other general goods at competitive prices to the Govt. Schools, Govt. Offices, Para Military Forces and other officials and non-officials Organizations; (c) Functioning as nominated agency of the government for the sale of liquor through its 75 retail outlets set up in various parts of the city; (d) Tq.assist government in distribution of scares items of consumer goods during the period of temporary shortage to overcome the difficulties of the general consumers and (e) to supply dietary items to those Government Department like Social Welfare DepartmentJNGOs which are engaged in the service of down-trodden, handicapped, old and destitute on reasonable rates. 1.Give three features of consumer cooperative society. 2.Which principle is followed by it in decision making? 3.How does it utilize its profits? 4.Identity two values that cooperative society communicates to the society.

Super markets are large retailing business units selling variety of consumer goods under one roof. They operated on low margin and have self-service facility. Generally these are located in shopping centers. Goods are kept in such a way that consumer can see all that is available and choose what he wants. They take a trolley, pick up what they like, put it in the trolley, go to cash counter, pay, and take their goods after showing bill to the guard. These generally operate like departmental stores but unlike departmental stores, they do not provide services like free home delivery, credit facilities, etc. they generally also not hire any sales staff to promote sales. 1. Discuss three features of super markets. 2. Differentiate between super market and departmental store.

Sanjeev and Rajeev are two friends. They are arguing on channel of distribution. Sanjeev claims that wholesalers are of no use and must be eliminated from chain of distribution. But Rajeev opines that wholesalers playa significant role in distribution. He claims that wholesaler provides many facilities to manufacturers and retailers. Rajeev is not convinced. He feels that middlemen only add to cost and hence goods should reach from manufacturer t final consumer directly. 1.Who of the two is right in your opinion and why? 2. Mention two services that wholesalers provide to manufacturers. 3. Mention two services that wholesalers provide to manufacturers.

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case study of class 11 business studies

  • NCERT Solutions
  • NCERT Class 11
  • NCERT Class 11 Business Studies
  • Chapter 1: Business Trade And Commerce

NCERT Solution for Class 11 Business Studies Chapter 1 - Business, Trade and Commerce

NCERT Solutions are considered an exceptionally helpful book while preparing for the CBSE Class 11 Business Studies examinations. This study resource contains in-depth knowledge, and the Solutions collated by the subject matter experts are no different.  NCERT Solutions for Class 11 Business Studies Chapter 1 – Business, Trade And Commerce briefly introduces the basic concepts in Business Studies.

Download PDF Of Ncert Solution for Class 11 Business Studies Chapter 1 – Business, Trade And Commerce

ncert sol class 11 business studies chapter 01

Access the NCERT Solution for Class 11 Business Studies Chapter 1 – Business, Trade and Commerce

Short Questions for NCERT Business Studies Solutions Class 11 Chapter 1

1. List any five major commercial cities of ancient India.

Commercial cities of Ancient India are given below:

1. Pataliputra

3. Indraprastha

4. Mohenjodaro

2. What is Hundi?

Hundi is a financial instrument that was developed in Medieval India to carry out transactions related to trade and credit. It is an unconditional order in writing made by a person directing another to pay a certain sum of money to a person named in the order. It is capable of being changed through transfer by valid negotiation.

3. List the major exports and imports in ancient India.

Items exported from India were spices, wheat, sugar, indigo, opium, cotton, parrot, sesame oil, live animals, animal products such as hides, skin, horns, furs, tortoise shells, and other materials like sapphires, pearls, quartz, crystal, lapis, granites, lazuli, turquoise and copper.

Items imported into India were horses, animal products, Chinese silk, flax and linen, wine, glass, gold, silver, tin, lead, copper, rubies, coral, amber, etc.

4. What were the different types of Hundi in use by traders in ancient times?

Types of hundi are as follows:

1. Shah Jog Hundi: Payable to a respectable man

2. Jokhmi Hundi: It is a type of hundi which is applicable to goods transported by ship

3. Nam Jog Hundi: Payable to the named party or his order

4. Dhani Hundi: Payable to the owner of hundi

5. Jawabi Hundi: A type of hundi that resembles a money order.

6. Darshani Hundi: Payable on sight

7. Miadi Hundi or Muddati Hundi: Hundi that is payable after a specified period of time

5. What do you understand by maritime trade?

A kind of trade that involves the transportation of goods by sea using ships as the primary medium is called maritime trade. There are specific regulations for this kind of trade as there is risk involved in transporting goods by sea.

6. State the different types of economic activities.

Various economic activities are as follows:

1. Profession: These are activities that require specialised skills and knowledge, and people involved in these are known as professionals.

2. Employment: It is the type of economic activity where people get paid for the service they provide, and they are known as employees.

3. Business: It is the economic activity that deals with the trading of goods and services with a motive to earn profit.

7. Why is business considered an economic activity?

Business is said to be an economic activity as the sole purpose of starting a business is to earn a livelihood and also make a profit from the activity. Hence, it is considered to be an economic activity.

8. State the meaning of business.

Business is the occupation where people engage themselves in activities that are related to purchase or production and sale of goods and services with the sole purpose of earning profit, and therefore produce or sell goods and services that are in demand.

9. How would you classify business activities?

Business activity can be classified as follows:

1. Industry

2. Commerce

Industry: It involves activities that are concerned with the processing of raw materials to shape them into the final product. The role of an industry is to provide value to the raw material so that it can be consumed by the end users (consumers). Industries are classified as primary, secondary and tertiary based on the functions they perform.

Commerce: It is mainly concerned with trading and related activities. It includes the exchange of goods and services. Commerce deals with two types of activities: trade and auxiliaries to trade. When goods are bought and sold, it is referred to as trade, and auxiliaries to trade involve activities that include banking, transportation, advertising, and communication. Commerce provides the necessary link that needs to exist between producers and consumers.

10. What are the various types of industries?

Industries can be broadly categorized into three types:

1. Primary Industries: These types of industries focus on getting raw materials; examples are mining, fishing and farming.

2. Secondary Industries: Such industries mainly involve the manufacturing of goods from raw materials and include the automobile,, steel and electronics industry.

3. Tertiary Industries: These industries provide services and support to primary and secondary industries with activities related to trade.

11. Explain any two business activities which are auxiliaries to trade.

Activities that facilitate the exchange of goods and services are referred to as auxiliaries to trade. Two examples are given below:

1. Banking and Finance: Funds are necessary for acquiring assets, purchasing raw materials and meeting other expenses. These funds can be obtained from a bank. Therefore, banking helps business activities to meet the required funds.

2. Advertising: It is an important component of marketing that involves the promotion of products, and accurate promotion helps reach potential viewers, which will result in sales.

12. What is the role of profit in business?

Profit is the only purpose for which business is done. Without profit, a business will not sustain itself for a long time. For a business to operate on a regular basis, a part of the profit needs to be reinvested. It helps in the growth of the business. The role of profit in a business is that it is necessary for the expansion of the business.

13. What is business risk? What is its nature?

Business risk refers to the possibility of earning inadequate profits or sustaining losses due to unforeseen or unexpected circumstances. It can happen when the demand for a particular product declines due to increased competition or changes in customer preferences.

The nature of business risks are:

1. Profit related to risk: Profit is obtained as a reward for the risk taken in business.

2. Degree of risk taken depends upon the scale of operation of the business.

3. Risk is an essential part of any business.

4. Business risk arises due to uncertainties in business.

Long Questions for NCERT Business Studies Solutions Class 11 Chapter 1

1. Discuss the development of indigenous banking system in Indian subcontinent.

The indigenous banking system played a prominent role in lending money and also in financing domestic and international trade with the help of currency and later with letter of credit. As the banking system developed, people began depositing precious metals with individuals who were known as Seths. Money became the means that manufacturers could use to produce more goods. Later, documents in the form of Hundi and Chitti were used for carrying out monetary transactions. In ancient India, intermediaries played a prominent role in trade promotion. The financial security offered by them helped in taking risks in foreign trade. The institutions such as of Jagat Seth also exercised great influence during the period of the Mughals and later in the time of the East India Company. The availability of loans and the rise in credit transactions helped in the growth of commercial establishments.

India enjoyed a great balance of trade, with exports holding the upper hand in comparison to imports. This system helped manufacturers, traders and merchants get funds for expansion and development. Industrial and commercial banks evolved to become institutions that financed trade and commerce, and agriculture banks provided short and long-term loans to finance those involved in agriculture activities.

2. Define business. Describe its important characteristics.

Business is the occupation where people engage in activities related to the purchase or production and sale of goods and services with the sole purpose of earning a profit, therefore producing or selling goods and services that are in demand.

Characteristics of business are given below:

1. Business is considered to be an economic activity as the sole purpose of starting a business is to earn profit.

2. Business deals with procuring raw materials and converting them into finished products and selling to consumers.

3. The sustainability and future growth of a business are determined by the profit it is earning.

4. Business involves the exchange of goods and services using a common medium, i.e., money.

5. Any business, whether small or big, will face business risks.

6. There will be uncertainty of returns as the business may incur loss or gain profit.

3. Compare business with profession and employment.

Mode of Establishment Entrepreneur’s decision and other legal formalities, if felt necessary Certificate of practice and a membership of a professional body Service agreement and appointment letter
Nature of Work Providing goods and services to public Providing expert and personalized services Working as per rules of service or service contract
Risk involved Uncertain risk is there as profit and loss cannot be determined beforehand Some risk can be there Little or no risk
Transfer of ownership It can be transferred by following certain formalities. No transfer possible as degree and certification received for self No transfer possible
Reward or remuneration In the form of profit In the form of fees for consultation In the form of a salary
Code of conduct There is no code of conduct as such Professional code of conduct must be followed Code of conduct as per rules of the organisation
Qualification No minimum qualification required Qualification as prescribed by the awarding body Qualification and training as per the employer’s direction

4. Define industry. Explain various types of industries giving examples.

Industry refers to the economic activities that convert resources into useful goods. It involves the use of machines and technical skills, which are used for producing a variety of goods, breeding animals, etc. There are three types of industries:

1. Primary Industries: These types of industries deal with products that are obtained from natural sources. The main purpose of such industries is to convert raw material into a consumable form. Examples of such industries are farming, hunting, mining, and fishing industries. Primary industries can be classified into two types based on the activities performed.

a. Extractive Industries: These industries deal with products that need to be refined so that they can be used in other industries. Examples are mining and fisheries.

b. Genetic Industries: These industries deal with breeding plants and animals and using them for further use.

2. Secondary Industries: These industries deal with the manufacturing of products; they acquire raw materials and convert them into goods to which further value can be added. Such types of industries can be categorised as follows:

a. Manufacturing Industries: Here, the raw materials get converted into finished products to become readily usable, such as petroleum, wax obtained from mineral oil, etc.

b. Synthetic Industries: These combine raw materials to form a new product. An example is the cosmetic industry.

c. Processing Industries: Here, the raw material is processed and purified in order to arrive at a final product. Examples are the paper and sugar industries.

d. Assembling Industries: Combining various components in order to arrive at the final product is the speciality of assembling industries. Examples are the electronics industry, automobile companies and construction companies.

3. Tertiary Industries: These industries serve as the facilitator of primary and secondary industries. These industries are mainly involved in providing service to the industries; examples are baking and transportation.

5. Describe the activities relating to commerce.

There are two types of activities in commerce: (i) trade and (ii) auxiliaries to trade.

Buying and selling of goods is called trade, whereas auxiliaries to trade involve activities such as banking, communication, transportation and advertising. Commerce enhances the link between consumers and producers.

1. Banking and Finance: It is one of the most important requirements to run any business. Without finance, the free movement of goods is restricted. A banking arrangement helps in the availability of credit to traders, thus acting as an auxiliary to trade.

2. Warehousing: It refers to storing of goods till the time it is ready to be transported. Warehousing ensures proper storage and facilitates the easy availability of goods.

3. Transportation: It helps producers in purchasing goods and other necessary items from different places and selling them in different areas. It helps in the buying and selling of goods.

4. Advertising: Advertisements through various channels, such as radio, TV, etc., help in reaching the information to the audience and increaseing sales.

5. Insurance: There will be risks in business, and to cover against them, you need to get insured.

6. Explain any five objectives of business.

Business objectives can be discussed as follows:

1. Maximum Profit: The only motive for doing business is to earn a profit. Growth prospects can be determined by the capacity to earn profits. The profit earned can be reinvested to earn higher growth.

2. Market Share: A business will have competition, and by staying ahead of competitors, a business develops a market share. Maximum market share can be captured by providing quality products at reasonable prices.

3. Worker performance: A business will perform at its best if the workers are motivated and satisfied. It requires a healthy working environment for the workers to make a great contribution.

4. Innovation: Innovation is the key to cutting down costs while improving performance, and by doing this, a business can stay ahead of its competitors.

5. Social Responsibility: A business has certain responsibilities towards society, including removing poverty, unemployment, pollution, etc. Fulfilling those responsibilities helps a business to earn goodwill.

7. Explain the concept of business risk and its causes.

Business risk refers to the possibility of earning inadequate profits or losses due to unforeseen or unexpected circumstances. It can happen when the demand for a particular product declines due to increased competition or changes in customer preferences. It is very difficult to determine customer preferences as they are subject to change.

Business risk is of two types, namely pure business risk and speculative business risk.

a. Pure Business Risk: In this type of risk, there is a chance of loss or no loss whatsoever. Such risks can be associated with theft, various natural calamities and fire.

b. Speculative Business Risk: In this type of risk, there is an equal chance of earning profit or incurring loss. Such type of risk arises due to changes in government policy, competitor’s policy, price change or a change in consumer preferences.

Business risk is caused due to the following as discussed below:

1. Economic Causes: These types of business risks arise due to the uncertainty surrounding the changes in the policies of competitors, price changes or changes in the preferences of consumers.

2. Natural causes: Natural calamities, such as floods, earthquakes, and famine can cause extensive loss to a business. Such risks are beyond our control.

3. Human causes: These are caused by negligence on the part of humans, like carelessness, riots, and strikes.

4. Other causes: Some events are unpredictable, such as political disturbances and interest and exchange rate fluctuations.

8. What factors are to be considered while starting a business? Explain.

It is common for a business to check all the aspects before starting operations. Here are some of the important points to consider:

1. Line of Business: This helps determine the line of business, as it will help boost confidence.

2. Scale of business: This determines the scale on which the business will be run.

3. Location: The location for setting up a business requires considering factors such as cheap labour, availability of raw materials, good transportation facilities, sufficient power and infrastructural facilities.

4. Finance: Business is impacted in every step by finance – from purchasing raw materials to machinery and then the further investments needed for growth. Therefore, raising funds is necessary for business.

5. Efficiency of Workforce: A trained workforce is a prerequisite to carrying out different business activities; therefore, identifying a skilled workforce is a must before starting a business.

6. Physical requirements of business: These include the tools, machinery and technology that increase business efficiency. So it should be chosen as per the nature and scale of the business.

Concepts covered in this chapter:

The concepts covered in Chapter 1 of NCERT Class 11 Solutions Business Studies are –

  • Meaning of Business
  • Indigenous banking system
  • Rise of intermediaries
  • Merchant corporation
  • Major trade centers
  • Characteristics of business
  • Classification of business activities
  • Meaning of industry

NCERT Solutions for Class 11 Business Studies Chapter 1 provide a broad range of illustrative examples, which help the students to comprehend and learn quickly. The above-mentioned are the illustrations for the Class 11 CBSE syllabus. For more solutions and study materials of NCERT solutions for Class 11 Business studies , visit BYJU’S or download the app for more information and the best learning experience.

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NCERT Books

NCERT Books for Class 11 Business Studies PDF Download

NCERT Books for Class 11 Business Studies PDF Download in English & Hindi Medium

NCERT Books Class 11 Business Studies: The National Council of Educational Research and Training (NCERT) publishes Business Studies textbooks for Class 11. The NCERT Class 11th Business Studies textbooks are well known for it’s updated and thoroughly revised syllabus. The NCERT Business Studies Books are based on the latest exam pattern and CBSE syllabus.

NCERT keeps on updating the Business Studies books with the help of the latest question papers of each year. The Class 11 Business Studies books of NCERT are very well known for its presentation. The use of NCERT Books Class 11 Business Studies is not only suitable for studying the regular syllabus of various boards but it can also be useful for the candidates appearing for various competitive exams, Engineering Entrance Exams, and Olympiads.

NCERT Class 11 Business Studies Books in English PDF Download

NCERT Class 11 Business Studies Books are provided in PDF form so that students can access it at any time anywhere. Class 11 NCERT Business Studies Books are created by the best professors who are experts in Business Studies and have good knowledge in the subject.

NCERT Books for Class 11 Business Studies – English Medium

  • Chapter 1 Nature and Purpose of Business
  • Chapter 2 Forms of Business Organisation
  • Chapter 3 Private, Public and Global Enterprises
  • Chapter 4 Business Services
  • Chapter 5 Emerging Modes of Business
  • Chapter 6 Social Responsibilities of Business and Business Ethics
  • Chapter 7 Formation of a Company
  • Chapter 8 Sources of Business Finance
  • Chapter 9 Small Business
  • Chapter 10 Internal Trade
  • Chapter 11 International Business-I
  • Chapter 12 International Business-II

Class 11 Business Studies NCERT Book PDF Download

NCERT Books for Class 11 Business Studies – Hindi Medium

  • Chapter 1: व्यवसाय, व्यापार और वाणिज्य
  • Chapter 2: व्यावसायिक संगठन के स्वरुप
  • Chapter 3: निजी, सार्वजानिक एवं भूमंडलीय उपक्रम
  • Chapter 4: व्यावसायिक सेवाएँ
  • Chapter 5: व्यवसाय की उभरती पद्यतियाँ
  • Chapter 6: व्यवसाय का सामाजिक उत्तरदायित्व एवं व्यावसायिक नैतिकता
  • Chapter 7: कंपनी निर्माण
  • Chapter 8: व्यावसायिक वित्त के स्रोत
  • Chapter 9: लघु व्यवसाय एवं उघमिता
  • Chapter 10: आंतरिक व्यापार
  • Chapter 11: अंतर्राष्ट्रीय व्यापार

Class 11 Business Studies NCERT Book in Hindi PDF Download

The NCERT syllabus mainly focuses on this book to make it student-friendly to make it useful for both the students and the competitive exam aspirants. The book covers a detailed Business Studies based on the syllabuses of various boards. NCERT Business Studies Books for Class 11 is perfectly compatible with almost every Indian education state and central boards.

We hope that this detailed article on NCERT Books Class 11 Business Studies helps you in your preparation and you crack the Class 11 exams or competitive exams with excellent scores.

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CBSE Class 11 Business Studies

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Advantages Prevails After Studying Business Studies Class 11 CBSE

The CBSE Class 11 Commerce Business Studies study resources at Vedantu explain all the topics which are part of the syllabus. These study resources help build a strong foundation in the subject by guiding students with topic-wise explanations.

CBSE Class 11 Commerce Business Studies consists of ten chapters in which students study the nature and purpose of business, private, public, and global companies, business services, small firms, internal commerce, and international business, among other things. Each of these themes is meticulously detailed in the chapter notes and revision notes, which aid in study and revision.

Business Studies are extremely important in our daily lives and have a significant impact on how we view money and purchases. It not only discusses business in general, but it also goes into detail about concepts such as finances and accounting, markets, human resources, staff, and trade.

CBSE Class 11 Business Studies Solution| Chapter-wise List

The CBSE Solutions for Class 11 Business Studies are provided below, chapter by chapter. The experts at Vedantu provide these solutions in great detail. Go through these chapter-by-chapter solutions to become thoroughly acquainted with the concepts.

Chapters Number 

CBSE Solutions Class 11 Business Studies Chapter-wise List

Chapter 1

Chapter 2

Chapter 3

Chapter 4

Chapter 5

Chapter 6

Chapter 7

Chapter 8

Chapter 9

Chapter 10

Chapter 11

CBSE Business Studies Class 11 Syllabus – Marks Distribution

Considering the nature and importance of the subject, the NCERT solution for Business Studies Class 11 must be thoroughly studied. Students should consult the NCERT solution for Class 11 Business Studies as soon as possible and begin practising question-answers. Students would find it much easier with consistent practice. To  identify the areas that are not yet fully prepared. Business Studies Class 11 CBSE Syllabus - PDF download can be done easily on the Vedantu page with zero charges.

CBSE Class 11 Business Studies Syllabus- Marks Distribution (2023-24)

Foundations of Business (CBSE)

Topics

Marks

Nature and Purpose of Business and Forms of Business organisations 

16 Marks

Public, Private, and Global Enterprises and Business Services

14 Marks

Emerging Modes of Business and Social Responsibility of Business and Business Ethics

10 Marks

Total

40 Marks

Finance and Trade

Topics

Marks

Sources of Business Finance and Small Business

20 Marks

Internal Trade and  International Business

20 Marks

Total 

40 Marks

Project work 

20 Marks

CBSE Class 11 Business Studies Book Explanation

The CBSE Class 11 Commerce Business Studies curriculum begins with basic business concepts and progresses to more complex topics such as international business. Brief summaries of the chapters are provided below:

1. Business, Trade, and Commerce

This chapter serves as an introduction to the Business Studies subject, introducing students to the concepts of business, trade, and commerce, as well as what those three entail and their characteristics. It discusses banking systems, intermediaries, merchant corporations, and major trade centres. It also mentions the industry.

2. Forms of Business Organisation

The chapters primarily discuss the various characteristics of a business organisation, and students can understand how one differs from the other. Other concepts covered in this chapter include proprietorship and partnership, company types, and a brief discussion of joint-stock companies. This is a critical chapter.

3. Private, Public and Global Enterprises

In private, public, and global enterprises, the nature of ownership patterns or holding structure is clarified. There is an overview of public and government companies, the role of the public sector, and joint ventures.

4. Business Services

Chapter 4 discusses the various types of services provided by businesses, as well as their broad classification. Some of the topics covered include commercial banks and their functions, e-banking, insurance, postal and telecommunications, warehouse services, and transportation.

6. Emerging Models of Business

Changes in business scenarios have resulted in a paradigm shift towards newer business models. In this chapter, students get a glimpse of a few emerging business models. This chapter also discusses the concept of e-business, its benefits and drawbacks, the concept of outsourcing, B2B, B2C, and C2C commerce, and how they work.

7. Social Responsibilities of Business and Business Ethics

Students learn about corporate social responsibilities and the role that businesses can play in social engineering in Chapter 6. This is an important chapter because it discusses the various types of social responsibilities, the cases against them, business pollution, business ethics, and the elements of it.

8. Formation of a Company

The details of the company's incorporation are outlined in Chapter 7. This chapter also covers company formation, promotion, the concept of incorporation, and the effects of certification.

8. Sources of Business Finance

Different financing options are discussed, ranging from traditional sources of funds, such as banks, to those of investors. It also introduces period basis, generation basis, and various financial sources. Credit, lease, public deposits, and factoring are all examples.

9. Small Business

The markers and basic features of small businesses are elucidated in Chapter 9. This chapter has great importance as it covers a whole lot of topics including the importance of small businesses in rural and urban areas, the problems that could arise, how the government helps the rural projects, NABARD, RSBDC, NSIC, SIDBI, and RWED.

10. Internal Trade

Students are introduced to the concept of intra-country trade and its various characteristics. Students also learn about retail trade concepts such as itinerants, fixed and large-scale retailers, various types of stores and shops, markets, and vending machines.

11. International Business

Finally, Chapter 11 introduces but does not go into detail on some fundamental concepts of international business. This final chapter discusses the scope and benefits of any foreign ventures, international joint ventures, and India's role in international trade and business, including the import and export of goods and services.

Conclusion 

Download CBSE Chapter-by-Chapter Business Studies Solution for Class 11 PDF, Locate the chapter name, and go through the Chapter Wise PDF. Download Class 11 Business Studies to finish your studies. Examine how the experts used the fundamental concepts taught in the chapters to answer exercise questions. Follow these answers to prepare your syllabus and learn how to answer specific questions in the Class 11 Business Studies exams.

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FAQs on CBSE Class 11 Business Studies

1. Is Vedantu equipped enough to help me?

Yes, for CBSE class 11 students, we have 1000+ video lessons, 300+ revision notes, a question bank with 9500+ questions, and 20+ sample papers. Vedantu's study materials are intended to help you understand the concepts covered in class.

2. How Does Business Studies Class 11 NCERT Solutions PDF Aid in Subject Preparation?

Aside from the fact that subject experts crafted the Business Studies Class 11 NCERT solutions, the presentation of the same makes it extremely simple for students to prepare the subject.

The B.ST CBSE Class 11 solutions not only use extremely clear language, but they also strictly adhere to the CBSE syllabus. Students will be able to grasp concepts quickly. They will also be able to determine where they are falling short.

3. How can I do well in Business Studies class 11-commerce CBSE?

To do well in Business Studies Class 11-commerce CBSE, one must thoroughly understand the concepts. When a learner understands the core concepts, it is much easier to attempt problems based on those concepts. This also encourages students to gain knowledge and excel in their studies. Once a learner has grasped the concepts in Business Studies Class 11-commerce CBSE, practice should become a daily ritual because it is the key to determining one's strengths and weaknesses.

Practice is essential in subjects such as maths. Knowing how to apply a learned concept in daily life and problem-solving is critical in Science. Once a learner understands what is going on around them, they can apply what they have learned in the books. Writing answers is also a good habit because it improves your communication skills and keeps track of areas for improvement, which will help you score well in exams. Continue revising important topics by watching concept and problem-solving videos at Vedantu after school or online classes, or as needed.

4. Which chapters are important in class 11 business?

Business, Trade, and Commerce the 1st chapter,  Chapter 2- Business Organisational Structures. Private, public, and global enterprises are covered in Chapter 3, and Business Services is the 4th chapter.

5. What is the most interesting chapter in Commerce Business Studies class 11?

Some students find the Business Studies chapters in Class 11 more interesting than the Maths chapters. Actually, students' interests differ from one another, with some preferring History chapters over Class 11-commerce Business Studies. Students of Business Studies are mostly interested in Stone and iron age history, the mediaeval age, world history, and India's struggle for independence, among other things. Vedantu provides you with a bank of resources in the form of videos, notes, a massive question bank, Class 11-commerce Business Studies NCERT solutions, and so on, to help you gain knowledge on the chapters that interest you the most. Simply go over the Vedantu Plans for your board-grade combination.

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    Revision Notes for CBSE Class 11 Business Studies - Free PDF Download. Many educators state that revision notes are one of the most efficient and time-saving ways of studying. Revision notes provide in-depth knowledge and understanding about a topic. The concepts you master in class 11 also come to test in your class 12 boards exams.

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  20. CBSE Class 11 Business Studies: Chapter wise NCERT solutions

    CBSE Class 11 Commerce Business Studies consists of ten chapters in which students study the nature and purpose of business, private, public, and global companies, business services, small firms, internal commerce, and international business, among other things. Each of these themes is meticulously detailed in the chapter notes and revision notes, which aid in study and revision.

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