CONFUSING TOPICS IN BUSINESS STUDIES
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CONFUSING TOPICS IN BUSINESS STUDIES

Business Studies For XII

Instructed by study khazana
Validity: 999 days
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Published    16-Mar-2017      Bilingual

As per the syllabus, you have to study the following topics:

  1. Nature and Significance of Management
  2. Principle of Management
  3. Business Environment
  4. Planning
  5. Organising
  6. Staffing
  7. Directing
  8. Controlling
  9. Financial Management
  10. Financial Markets
  11. Marketing Management
  12. Consumer Protection

Section 1: Confusing Topics in Business Studies (Business Studies paper is considered to be highest scoring subject. For all those students who are nervous about the exam and the topics that confuses, Don't miss these tips by Rajesh Kr Mahajan.)
Lecture 1 Confusing Topics in Business Studies (In this video we will discuss which are felt confusing. Moreover we will provide you ideas on bridging the gap between 95% to 100%. Following are the topics from the syllabus.
  1. Nature of Management: Management as an art as well as Science. Management is a full-fledged. Management is impure/ inaccurate/ inexact Science.
  2. Principles of Management: Principles of Order, Discipline, Authority and Responsibility. Equity Vs Remuneration. Unity of command Vs Unity of Direction, Centralisation Vs Decentralisation and initiative Vs Team Spirit, Equity to be differentiated from Equality, If principle of management is asked , you may write either of Fayol’s and Taylor’s applicable principle. Principles of management are flexible and contingent( Flexibility refers to full or partial use or no use of certain principle)
  3. Managerial Response: A new topic added from 2016 examination. Emphasis on understanding Political, Economics  and social environment . Apply cause and effect relationship to attempt such questions. Cause is the appropriate answer.
  4. Types of Plan: Especially objectives, strategy, policy and programme(Objective and strategy do not come under either of Single use plan or Standing Plan). Planning leads to rigidity and planning reduces creativity.
  5. Identification of Appropriate Organisational Structure: Normally for single line of product. Functional structure and for multiple line of products, divisional is suitable but if two different production unit are required for single line of production, appropriate answer would be divisional. FMCG( Fast Moving Consumer Goods) may deal in single line of product or multiple lines of product 

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