[CBSE] Business Studies Syllabus class 12 (2023-24)

Looking for the syllabus of Business Studies class 12 of CBSE Board for the 2023-24 Session.

Syllabus of Business Studies Class 12 CBSE Board 2023-24 session

Theory:- 80 Marks
Project:- 20 Marks
Time:- 3 Hours

Units	Particulars	Periods	Marks
Part – A	Principles and Functions of Management
1 2 3	Nature and Significance of Management Principles of Management Business Environment	12 14 12	16
4 5	Planning Organising	14 15	14
6 7 8	Staffing Directing Controlling	16 15 12	20
	Total	110	50
Part – B	Business Finance and Marketing
9 10	Financial Management Financial Markets	20 18	15
11 12	Marketing Management Consumer Protection	30 12	15
	Total	80	30
Part – C	Project Work (One)	30	20

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Read Here:- Business Studies Syllabus of class 12 CBSE Board 2023-24

Part A: Principles and Functions of Management

Read Here:- [CBSE] TS Grewal Accounts Solutions Class 12 (2023-24)

Unit 1: Nature and Significance of Management

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.

Unit 2: Principles of Management

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’.  Compare the contributions of Fayol and Taylor.

Unit 3: Business Environment

Business Environment- concept and importance	 Understand the concept of ‘Business Environment’.  Describe the importance of Business Environment
Dimensions of Business Environment Economic, Social, Technological, Political and Legal Demonetization – concept and features	 Describe the various dimensions of ‘Business Environment’.  Understand the concept of Demonetization
Impact of Government policy changes on business with special reference to liberalization, privatization and globalization in India	 Examine the impact of government policy changes on business in India with reference to liberalisation, privatization and globalisation since 1991.  Discuss the managerial response to changes in business environment.

Unit 4: Planning

Concept, importance and limitations	 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.
Single use and standing plans. Objectives, Strategy, Policy, Procedure, Method, Rule, Budget and Programme	 Develop an understanding of single use and standing plans  Describe objectives, policies, strategy, procedure, method, rule, budget and programme as types of plans.

Unit 5: Organising

Concept and importance	 Understand the concept of organizing as a structure and as a process.  Explain the importance of organising.
Organising Process	 Describe the steps in the process of organising
Structure of organization – functional and divisional concept. Formal and informal organization – concept	 Describe functional and divisional structures of organisation.  Explain the advantages, disadvantages and suitability of functional and divisional structure.  Understand the concept of formal and informal organisation.  Discuss the advantages and disadvantages of formal and informal organisation
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 decentralisation.  Explain the importance of decentralisation.  Differentiate between delegation and decentralisation.

Unit 6: Staffing

Concept and importance of staffing	 Understand the concept of staffing.  Explain the importance of staffing
Staffing as a part of Human Resource Management – concept	 Understand the specialized duties and activities performed by Human Resource Management
Staffing process	 Describe the steps in the process of staffing
Recruitment process	 Understand the meaning of recruitment.  Discuss the sources of recruitment. Explain the merits and demerits of internal and external 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 organisation and to the employees.  Discuss the meaning of induction training, vestibule training, apprenticeship training and internship training.  Differentiate between training and development.  Discuss on the job and off the job methods of training.

Unit 7: 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.  Discuss the various styles of leadership.
Communication – concept, formal and informal communication; barriers to effective communication, how to overcome the barriers	 Understand the concept of communication  Understand the elements of the communication process.  Discuss the concept of formal and informal communication.  Discuss the various barriers to effective communication.  Suggest measures to overcome barriers to communication.

Unit 8: Controlling

Controlling – Concept and importance	 Understand the concept of controlling.  Explain the importance of controlling.
Relationship between planning and controlling	 Describe the relationship between planning and controlling
Steps in process of controlling	 Discuss the steps in the process of controlling.

Part B: Business Finance and Marketing

Unit 9: Financial Management

Concept, role and objectives of Financial Management	 Understand the concept of financial management.  Explain the role of financial management in an organisation.  Discuss the objectives of financial management
Financial decisions: investment, financing and dividend- Meaning and factors affecting them	Discuss the three financial decisions and the factors affecting them.
Financial Planning – concept and importance	 Describe the concept of financial planning and its objectives.  Explain the importance of financial planning.
Capital Structure – concept and factors affecting capital structure	 Understand the concept of capital structure.  Describe the factors determining the choice of an appropriate capital structure of a company.
Fixed and Working Capital – concept and factors affecting their requirements	 Understand the concept of fixed and working capital.  Describe the factors determining the requirements of fixed and working capital.

Unit 10: Financial Markets

Financial Markets: Concept, Functions and Types	 Understand the concept of financial market.  Explain the functions of financial market.  Understand capital market and money market as types of financial markets.
Money market and its instruments	 Understand the concept of money market.  Describe the various money market instruments.
Capital market and its types (primary and secondary), methods of floatation in the primary market	 Discuss the concept of capital market.  Explain primary and secondary markets as types of capital market.  Differentiate between capital market and money market.  Discuss the methods of floating new issues in the primary market.  Distinguish between primary and secondary markets.
Stock Exchange – 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.

Unit 11: Marketing

Marketing – Concept, functions and philosophies	 Understand the concept of marketing.  Explain the features of marketing.  Discuss the functions of marketing.  Explain the marketing philosophies.
Marketing Mix – Concept and elements	 Understand the concept of marketing mix.  Describe the elements of marketing mix.
Product – branding, labelling and packaging – Concept	 Understand the concept of product as an element of marketing mix.  Understand the concept of branding, labelling and packaging.
Price – Concept, Factors determining price	Understand the concept of price as an element of marketing mix.  Describe the factors determining price of a product.
Physical Distribution – concept, components and channels of distribution	Understand the concept of physical distribution.  Explain the components of physical distribution. Describe the various channels of distribution.
Promotion – Concept and elements; Advertising, Personal Selling, Sales Promotion and Public Relations	Understand the concept of promotion as an element of marketing mix.  Describe the elements of promotion mix.  Understand the concept of advertising.  Understand the concept of sales promotion.  Discuss the concept of public relations.

Unit 12: Consumer Protection

Concept and importance of consumer protection	Understand the concept of consumer protection.  Describe the importance of consumer protection.  Discuss the scope of Consumer Protection Act, 2019
The Consumer Protection Act, 2019: Source: http://egazette.nic.in/WriteReadData/2019/210422.pdf 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, 2019.  Explain the consumer rights  Understand the responsibilities of consumers  Understand who can file a complaint and against whom?  Discuss the legal redressal machinery under Consumer Protection Act, 2019.  Examine the remedies available to the consumer under Consumer Protection Act, 2019.
Consumer awareness – Role of consumer organizations and Non-Governmental Organizations (NGOs)	Describe the role of consumer organizations and NGOs in protecting consumers’ interests.