Business Studies Class 12 Syllabus

The syllabus consists of two parts: (A) Principles and Functions of Management (B) Business Finance and Marketing. In total, there are 12 units. Theory paper is of 80 marks and 3 hours duration.

Exam Structure

Units    Marks
Part A Principles and Functions of Management 50
1 Nature and Significance of Management 16
2 Principles of Management
3 Business Environment
4 Planning 14
5 Organizing
6 Staffing 20
7 Directing
8 Controlling
Part B Business Finance and Marketing 30
9 Financial Management 15
10 Financial Markets
11 Marketing Management 15
12 Consumer Protection
Part C Project Work 20
  Total 100 

Part A: Principles and Functions of Management

Unit I: Nature and Significance of Management

  • Management - concept, objectives and importance
  • Management as Science, Art and Profession
  • Levels of management
  • Management functions - planning, organising, staffing, directing and controlling
  • Coordination - concept and importance

Unit 2: Principles of Management

  • Principles of Management - concept and significance
  • Fayol's principles of management
  • Taylor's Scientific Management - principles and techniques

Unit 3: Business Environment

  • Business Environment - concept and importance
  • Dimensions of Business Environment - Economic, Social, Technological, Political and Legal
  • Demonetization - concept and features
  • Impact of Government policy changes on business with special reference to liberalization, privatization and globalization in India

Unit 4: Planning

  • Concept, importance and limitations
  • Planning process
  • Single use and standing plans. Objectives, Strategy, Policy, Procedure, Method, Rule, Budget and Programme

Unit 5: Organising

  • Concept and importance.
  • Organizing Process.
  • Structure of organization - functional and divisional concept. Formal and informal organization - concept
  • Delegation: concept, elements and importance.
  • Decentralization: concept and importance.

Unit 6: Staffing

  • Concept and importance of staffing
  • Staffing as a part of Human Resource Management - concept
  • Staffing process
  • Recruitment process
  • Selection - process
  • Training and Development - Concept and importance. Methods of training- on the job and off the job- Induction training, vestibule training, apprenticeship training and internship training.

Unit 7: Directing

  • Concept and importance
  • Elements of Directing
  • Motivation - Concept, Maslow's hierarchy of needs; Financial and non-financial incentives
  • Leadership - concept, styles - authoritative, democratic and laissez faire
  • Communication - concept, formal and informal communication; barriers to effective communication, how to overcome the barriers

Unit 8: Controlling

  • Concept and importance
  • Relationship between planning and controlling
  • Steps in the process of control

Part B: Business Finance and Marketing

Unit 9: Financial Management

  • Concept, role and objectives of Financial Management
  • Financial decisions: investment, financing and dividend - Meaning and factors affecting them
  • Financial planning - concept and importance.
  • Capital Structure - concept and factors affecting capital structure
  • Fixed and Working Capital - concept and factors affecting their requirements.

Unit 10: Financial Markets

  • Financial Markets: Concept, Functions and types
  • Money market and its instruments.
  • Capital market: : Concept, types (primary and secondary), methods of floatation in the primary market
  • Stock Exchange - Meaning, Functions and trading procedure
  • Securities and Exchange Board of India (SEBI) - objectives and functions.

Unit 11: Marketing

  • Marketing - Concept, functions and philosophies
  • Marketing Mix - Concept and elements
  • Product - branding, labelling and packaging - Concept
  • Price - Concept, Factors determining price
  • Physical distribution - concept, components and channels of distribution
  • Promotion - Concept and elements; Advertising, Personal Selling, Sales Promotion and Public Relations

Unit 12: Consumer Protection

  • Concept and importance of consumer protection
  • The Consumer Protection Act, 2019: Meaning of consumer, Rights and responsibilities of consumers, Who can file a complaint?, Redressal machinery, Remedies available
  • Consumer awareness - Role of consumer organizations and Non-Governmental Organizations (NGOs)