Forms of Business Organization Questions
Q. Explain the features of sole proprietorship. Q. Write the merits and limitations of sole proprietorship…
Business Studies Class 11 has notes of all the units of Business Studies Class 11, explained in easy and brief language.
Q. Explain the features of sole proprietorship. Q. Write the merits and limitations of sole proprietorship…
Business has two components: industry and commerce.
Industry refers to activities involved in conversion of raw material into useful products. It creates form utility…
Functions of Commerce include all the aids to trade, known as auxiliaries to trade, that help in removing…
Business has three categories of objectives: economic, social and human objectives. These days, business…
No business, big or small, can exist without any type of risk. There can be risk to people, property or business as a whole.
By earning profits business is able to build reputation in the market and attract new parties like employees, customers, investors etc.
The primary objective of every profession is to provide service though they may charge a fee.
Employment involves working for others on regular basis for earning a periodic payment mostly called as salary, wages, commission etc.
C.B.S.E. has redesigned the syllabus. The student should carefully note the units in a particular marks segment.