Class 11 Business Studies Revision Notes
Nature and Purpose of Business Notes
Nature and Purpose of Business — Notes Economic activities Business is an economic activity of producing and selling goods/services for profit. Profession requires specialised kno…
Forms of Business Organisation Notes
Forms of Business Organisation — Notes Major forms Sole proprietorship: owned and run by one person; easy to form, unlimited liability. Partnership: two or more persons share prof…
Private, Public and Global Enterprises Notes
Private, Public and Global Enterprises — Notes Public sector forms Departmental undertaking , statutory corporation and government company . Private and global enterprises Private…
Business Services Notes
Business Services — Notes Services are intangible and support business activity. Major business services Banking: accepting deposits, lending and other services; types of accounts…
Social Responsibility and Business Ethics Notes
Social Responsibility and Business Ethics — Notes Social responsibility Business has responsibilities towards its stakeholders — owners, workers, consumers, the government and the…
Sources of Business Finance Notes
Sources of Business Finance — Notes Classification By period: long term, medium term and short term . By ownership: owner's funds (equity, retained earnings) and borrowed funds (l…
Internal Trade Notes
Internal Trade — Notes Internal trade is the buying and selling of goods within a country. Wholesale and retail trade Wholesalers buy in bulk and sell to retailers. Retailers sell…