NCERT Solutions for Class 12th Business Studies

NCERT Solutions for Class 12 Business Studies Chapter Brief

Business Studies class 12-chapter list has 12 chapters that are divided into two parts. NCERT has designed the syllabus to enhance the business acumen of young minds set to embark on their odyssey. The main objectives are to introduce students to new concepts like;

Make students familiar with a business framework

• • How business transact in a globalised economy

  • Changing phase of business and commerce with the predominance of IT

  • Influence of Business on society, politics, laws and economic forces

With this curriculum, students can develop and master the subject with finesse. The NCERT 12 Business Studies solutions are based on the NCERT syllabus and the chapters that are mentioned below:

Chapter 1: Nature and Significance of Management

Chapter 1 of the Business Studies NCERT class 12 covers concepts related to Management. Students of Business Studies class 12 would begin the session with the lessons in Management that will teach them about the concept, objectives and importance of Management. Further, NCERT Business Studies class 12 chapters entail elaborate explanations on topics like Management as Science, Art, and Profession; Levels of Management; Management functions, organising, Staffing, directing and controlling, and Coordination-concept and importance.

Chapter 2: Principles of Management

Business Studies class 12 chapters are curated to maintain tandem with the evolving times and needs. The ever-changing Business scenario requires students to remain updated. The CBSE business studies class 12 chapters are structured to aid students in their formal years in learning the concepts in easy and simplified language. Chapter 2 of Business Studies class 12, while providing content on the Principles of Management, has ensured that students fully understand the concepts. The topics covered include Principles of management concept and significance, Fayol’s principles of Management, and Taylor’s Scientific management principles and techniques.

Chapter 3: Business Environment

NEP 2020 is designed keeping in mind the requirements of a young mind. The readily available and outdated information has been omitted while the essential information has been included in easy and comprehensible language. Our Business Studies class 12 NCERT solutions are perfectly designed per the NCERT Syllabus. Chapter 3, which talks about the Business Environment, covers topics like the concept and importance of the Business Environment and dimensions of the Business Economic, Social, Technological, Political, Legal and demonetization concept and features.

Chapter 4: Planning

Planning is fundamental to business. No business can run smoothly without any strategy, planning or framework. This chapter in Business Studies class 12 chapters lets students learn the concept, importance, and limitations of the planning process. The other topics covered include Planning Processes and Single use and standing plans, objectives, strategy, policy, procedure, method, rule, budget, and programme.

Chapter 5: Organising

Chapter 5 in the 12th Business Studies textbook covers topics like Organising that throw light on the concept and importance of organising in a business framework. Other topics include the Organising process; Structure of organisation and divisional concept, Formal and informal organisation-concept; Delegation: concept, elements, and importance, and Decentralization: concept and importance.

Chapter 6: Staffing

Business Studies in class 12 prepares leaders who will be transforming the professional world with innovation. But innovators also need some guidance, and with this aim, NCERT has curated a syllabus that armours the next-gen leaders to take on the world. Staffing, chapter 6 in the Business Studies textbook for class 12th offer elaborate explanations on topics that are integral to the business world like Staffing: concept and importance of Staffing; Staffing as a part of Human Resource Management concept; Staffing process; Recruitment Process; Selection Process, and Training and Development-Concept and importance, Methods of training on the job and off the job-vestibule training, apprenticeship training and internship training.

Chapter 7: Directing

Businesses run economies, politics, and the whole social structure; Business Studies teach students the basics of the field and help them map their professional journey ahead. Chapter 7, Directing, in Business Studies class 12 elaborated on the concept and importance of Directing. It also covers topics like Elements of Directing, Motivation-concept, Maslow’s hierarchy of needs, Financial and non-financial incentives; Leadership-concepts, styles- authoritative, democratic and laissez-faire, and Communication-concept, formal and informal communication; barriers to effective communication, how to overcome the barriers.

Chapter 8: Controlling

Chapter 8 of the class 12 Business Studies book focuses on teaching the fundamentals of business. Controlling is one such aspect that can take a professional mile ahead and should be understood properly. The chapter will focus on the meaning of controlling, the importance of controlling, the relationship between planning and controlling, the steps & process of controlling, and techniques of controlling.

Chapter 9: Financial Management

Finance plays an important role in running a business successfully. Chapter 9 in the NCERT Business Studies class 12 would apprise students about the meaning and concept of financial management and its role in an enterprise. The chapter will also highlight the factors affecting the choice of an appropriate capital structure, the meaning and working of fixed capital and more.

Chapter 10: Financial Markets

Those with even the slightest interest in current affairs must have often heard terms like Stock Exchange, Capital Market, and SEBI. These terms are the mainstay of a financial framework of the financial market. Chapter 10 in the NCERT Business Studies class 12 would give students a detailed explanation of topics like the concept of Financial Markets; Money Market; Capital Market and its types (primary and secondary); Stock Functions and trading procedures, and Securities and Exchange Board of India (SEBI).

Chapter 11: Marketing

Marketing is elemental to the world of business. Most of us, even those who haven’t studied Business are familiar with the concept. But when a professional has to strategise a marketing plan for a business, then understanding the concept in detail is a must. Chapter 11 in NCERT Business Studies class 12 goes deep into the marketing concept and prepares students for the professional world. The topics that are covered in this chapter of Business Studies class 12 covers topics like concept, functions and philosophies of Marketing; Marketing Mix; Product (branding, labelling and packaging); Price (concept, factors determining price); Physical Distribution (concept, components and channels of distribution), and Promotion (concept and elements; advertising, personal selling, sales promotion and public relations).

Chapter 12: Consumer Protection

When we say Business, it is not just the process of running it successfully. The consumer holds the biggest chunk of the pie that we call business. Chapter 12 in Business Studies class 12 delves into one of the crucial topics in Business Studies, i.e., Consumer Protection. The chapter covers topics like the importance of consumer protection; the legal framework for consumer protection in India; consumer rights in India, and means of consumer protection.

CBSE Class 12 Business Studies Chapter-wise Marking Scheme 2023-24