BUSINESS STUDIES CASE STUDIES

CLASS 12 INDIAN ECONOMIC DEVELOPMENT CHAPTER 2 INDIAN ECONOMY: 1950-1990 REVISION NOTES Economy:- An economy is an organization of economic activities which provide people with the means to work and earn a living . Economy (Types): ➤Capitalist Economy ➤Socialist Economy ➤Mixed Economy  Capitalist economy:  In which major economic decisions (what to produce, how to produce and for whom to produce) are left to the free play of the market forces.  Socialist economy: In which major economic decisions are taken by the Govt. keeping in view the collective interest of the society as a whole.  Mixed Economy: In which major economic decisions are taken by the central Govt. authority as well as are left to the free play of the market forces. Economic Planning: Economic Planning means utilization of country‘s resources in different development activities in accordance with national priorities. Economic Planning is a system under which a set of targets is defined by the Govt. and these targ...

   CLASS 11 BUSINESS STUDIES CHAPTER 3 REVISION NOTES PRIVATE, PUBLIC, GLOBAL ENTERPRISES Role of Private Sector Vs. Public Sector Immediately after Independence government allotted a dominant role to public sector enterprises but these enterprises could do very little for economic development of the country .That is why in 1991 the government of India adopted a new industrial policy of globalization and liberalization. Under the new policy the dominant position of public sector was restricted and many doors were opened for private and foreign companies.  Types of Public Sector Enterprises.  The public sector enterprises are formed in following different forms:  1. Departmental undertaking  2. Public corporations  3. Government company. Departmental Undertaking-  This form of public sector enterprise is just like the departments of government. The main features of departmental undertakings are:  1. Overall control of government  2. No s...

BUSINESS STUDIES  CLASS -12 CHAPTER - 7  STAFFING  CASE STUDIES AND VALUE BASED QUESTION  Q 1. Hema is one of the most successful managers of her company, 'Kobe Ltd'. She uses her creativity and initiative in handling challenging situations at work. The knowledge gained by her during her student days at a renowned management institute as well as through her observation and experience over the years is applied by Hema in a skillful manner in the context of the realities of a given situation. She often reads books and other literature in various fields of management to keep her knowledge updated.  (i) An aspect of the nature of management is being highlighted in the above description. Identify the aspect.  (ii) Explain any three features of the aspect identified in part(i).  (i) Ans. Management as an art. (ii) Ans. The main features of art are:  1. Systematic body of knowledge/existence of theoretical knowledge :- In every art there is systematic an...

CLASS 11 BUSINESS STUDIES CHAPTER - 2 NOTES  ➤ A business enterprises is an organisation which is engage in some business for commercial activity. every business enterprise is a separate and distinct unit of business. ➤ Every business entity adopt some form of business organisation to carry out business activity is business enterprises may be classified into three broad categories: 1. Private sector enterprises 2. Public sector enterprises 3. Joint sector enterprises ➤Forms or types of private sector enterprises  The private sector enterprises can be function and run by adopting any of the following form 1. Sole proprietorship 2. Joint Hindu family business 3. Partnership 4. Cooperative society 5. Company ➤Sole proprietorship- the business owned manage, control and financed by a single individual is  known as sole proprietorship firm. the main features of sole proprietorship are: 1. Single ownership 2. Individual risk bearing 3. No separate legal entity 4. Freedom of...