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.

Principle of management.   . ...   Short & Easy Notes for B oard Exam #1. Write the Fayol's principles of management. >  Henry  Fayol's  was born in France in 1841. He became famous as father of Management. He gave 14 principles of management. i. Principle of division of work - The intent of division of work is to produce more and better work for the same effort. Specialisation is the most efficient way to use human efforts. ii. Principle of authority and responsibility - Authority means power to take decision and give order on the other hand responsibility means obligation to complete the job. It helps in achieving the large without any delay and reduce the abuse of power. iii. Principle of discipline - It refer to general rules and regulations for systematic working in the organisation. It improve efficiency and better labour management relation. iv. Principle of unity of command - According to this principle, a subo...