Best Commerce Notes For Revision

CLASS 12 BUSINESS STUDIES ALL CHAPTERS NOTES FOR ALL BOARD EXAM PART A: Principles and Functions of Management Nature and significance of Management. Principles of management. Business environment. Planning . Organizing . Staffing . Directing . Controlling Part B: Business Finance and marketing. Business Finance. Financial market. Marketing management. Consumer protection. Entrepreneurship development. B USINESS STUDIES CBSE SYLLABUS BUSINESS STUDIES BSEB SYLLABUS BUSINESS STUDIES JAC SYLLABUS Caution - It does not mean that those notes are only for these boards. Rather it will be applicable for all state boards.

 Planning . . .. .   Short & Easy Notes for B oard Exam #1. What do you mean by Planning? > Planning is the process  of thinking before doing. It involves determination of goals as well as activities to be undertaken to achieve the goals. More specifically planning consist of deciding in advance. It decides beforehand, what is to be done, how is to be done, where is to be done, when is to be done, by whom is to be done. #2. Write the characteristics of good planning. Sitting clear cut objective-  the existence of clear cut objectives is necessary for efficient and effective planning. Objectives should not only be understandable but also rational. Economical-  the planner must undertakes cost benefit analysis to ensure that the benefits of planning are more than the cost involved in it. Flexibility-   some elements of flexibility must be introduced in Planning because modern business operates in an environment which keeps on changing. Dynami...