CBSE Business Studies Syllabus 2023 For Term 1 & Term 2 | Download Term Wise Syllabus PDF

Concept

After going through this unit, the student/ learner would be able to:

Management – concept, objectives, and importance

· Understand the concept of management.

· Explain the meaning of ‘Effectiveness and Efficiency.

· Discuss the objectives of management.

· Describe the importance of management.

Management as Science, Art, and Profession

· Examine the nature of management as a science, art, and profession.

Levels of Management

· Understand the role of top, middle, and lower levels of management

Management functions-planning, organizing, staffing, directing, and controlling

· Explain the functions of management

Coordination- concept, and importance

·Discuss the concept and characteristics of coordination.

· Explain the importance of coordination.

Principles of Management- concept, and Significance

· Understand the concept of principles of management.

· Explain the significance of management principles.

Fayol’s principles of management

· Discuss the principles of management developed by Fayol.

Taylor’s Scientific Management- principles and Techniques

· Explain the principles and techniques of ‘Scientific Management’.

Business Environment- concept and importance

· Understand the concept of ‘Business Environment’.

· Describe the importance of the business environment

Dimensions of Business Environment- Economic, Social, Technological, Political, and Legal

· Describe the various dimensions of ‘Business Environment’.

Planning: Concept, importance, and limitation

· Understand the concept of planning.

· Describe the importance of planning.

· Understand the limitations of planning.

Planning Process

· Describe the steps in the process of planning.

Organizing: Concept and importance

· Understand the concept of organizing as a structure and as a process.

· Explain the importance of organizing.

Organizing Process

· Describe the steps in the process of organizing

Structure of organization- functional and divisional concept

· Describe the functional and divisional structures of the organization.

Delegation: concept, elements, and importance

· Understand the concept of delegation.

· Describe the elements of delegation.

· Appreciate the importance of Delegation.

Decentralization: concept and importance

· Understand the concept of decentralization.

· Explain the importance of decentralization.

· Differentiate between delegation and decentralization.

Marketing – Concept, functions, and philosophies – Product, Prize, and Standard

· Understand the concept of marketing.

· Discuss the functions of marketing.

· Explain the marketing philosophies.

Marketing Mix – Concept and elements

· Understand the concept of the marketing mix.

· Describe the elements of the marketing mix.

Product – branding, labeling, and packaging – Concept

· Understand the concept of product as an element of the marketing mix.

· Understand the concepts of branding, labeling, and packaging.

Price – Concept, Factors determining the price

· Understand the concept of price as an element of the marketing mix.

· Describe the factors determining the price of a product.

Physical Distribution – concept

· Understand the concept of physical distribution.

Promotion – Concept, and elements; Advertising, Personal Selling, Sales Promotion, and Public Relations

· Understand the concept of promotion as an element of the marketing mix.

· Describe the elements of the promotion mix.

· Understand the concept of advertising and personal selling

· Understand the concept of sales promotion.

· Discuss the concept of public relations.

Staffing: Concept and importance

· Understand the concept of staffing.

· Explain the importance of staffing

Staffing process

· Describe the steps in the process of staffing

Recruitment process

· Understand the meaning and steps in the process of recruitment.

· Discuss the sources of recruitment.

Selection – process

· Understand the meaning of selection.

· Describe the steps involved in the process of selection.

Training and Development – Concept and importance, Methods of training – on the job and off the job – vestibule training, apprenticeship training, and internship training

· Understand the concept of training and development.

· Appreciate the importance of training to the organization and to the employees.

· Discuss on-the-job and off-the-job methods of training.

· Discuss the meaning of vestibule training, apprenticeship training, and internship training.

· Differentiate between training and development.

Directing: Concept and importance

· Describe the concept of directing.

· Discuss the importance of directing

Elements of Directing

· Describe the various elements of directing

Motivation – concept, Maslow’s hierarchy of needs, Financial and non-financial incentives

· Understand the concept of motivation.

· Develop an understanding of Maslow’s Hierarchy of needs.

· Discuss the various financial and non-financial incentives.

Leadership – concept, styles – authoritative, democratic, and laissez-faire

· Understand the concept of leadership.

· Understand the various styles of leadership.

Communication – concept, formal and informal communication;

· Understand the concept of communication

· Discuss the concept of formal and informal communication.

· Discuss the various barriers to effective communication.

Controlling – Concept and importance

· Understand the concept of controlling.

· Explain the importance of controlling.

Steps in the process of control

· Discuss the steps in the process of controlling.

Financial Management: Concept, role, and Objectives

· Understand the concept of financial management.

· Explain the role of financial management in an organization.

· Discuss the objectives of financial management

Financial decisions: investment, financing, and

dividend- Meaning and factors affecting

· Discuss the three financial decisions and the factors affecting them.

Financial Planning – concept and importance

· Describe the concept of financial planning.

· Explain the importance of financial planning.

· Understand the concept of capital structure.

· Describe the factors determining the choice of an appropriate capital structure of a company.

· Understand the concept of fixed and working capital.

· Describe the factors determining the requirements of fixed and working capital

Financial Markets: Concepts, Functions, and Types

· Understand the concept of the financial market.

· Explain the functions of the financial market.

· Understand the capital market and money market as types of financial markets.

Money market and its instruments

· Understand the concept of the money market.

· Describe the various money market instruments.

Capital market: Concept, types (primary and secondary), methods of floatation in the primary market

· Discuss the concept of the capital market.

· Explain primary and secondary markets as types of capital markets.

· Differentiate between the capital market and the money market.

· Discuss the methods of floating new issues in the primary market.

· Distinguish between primary and secondary markets.

Stock Exchange – Meaning, Functions, and trading procedure

· Give the meaning of a stock exchange.

· Explain the functions of a stock exchange.

· Discuss the trading procedure in a stock exchange.

· Give the meaning of depository services and Demat account as used in the trading

procedure of securities.

Securities and Exchange Board of India (SEBI) – objectives and functions

· State the objectives of SEBI.

· Explain the functions of SEBI.

Consumer Protection: Concept

· Understand the concept of consumer protection.

Consumer Protection Act of 1986:

Meaning of consumer

Rights and responsibilities of consumers Who can file a complaint?

Redressal machinery Remedies available

· Understand the concept of a consumer according to the Consumer Protection Act 1986.

· Discuss the scope of the Consumer Protection Act, 1986

· Explain the consumer rights

· Understand the responsibilities of consumers

· Understand who can file a complaint and against whom?

· Discuss the legal redressal machinery under the Consumer Protection Act 1986.

· Examine the remedies available to the consumer under the Consumer Protection Act 1986.