Units

Detailed Topics

UNIT-1

Forms of business organizations

• Sole proprietorship, Joint Hindu Family Business – meaning, features, merits, and demerits
• Partnership – meaning, types, registration, merits, limitations, types of partners
• Co–Operative societies – types, merits, and limitations.  Company – Private Ltd, Public Ltd – merits, limitations
• Starting a business – Basic factors
• Choice of forms of business organizations

UNIT-2

Business services

• Nature and types of Business services – Banking, Insurance, Transportation, Warehousing, communication
• Banking – types of banks, functions of commercial banks, E–banking.  Insurance – principles & types of life, fire, and marine insurance
• Postal and Telecom services
• Warehousing – types, and functions.  Transport – meaning, role, means

UNIT -3

Emerging Modes of Business

• E–business – Meaning, Scope, and Benefits. Resource required for successful E–Business Implementation
• On–line transactions, payment mechanism.  Security and safety of business transactions
• Outsourcing – Concept, need, and scope.

UNIT-4

Social Responsibilities of Business and business ethics

• Concept of social responsibility
• Cases for social responsibility
• Responsibility towards different interest groups, owners, investors, employees, consumers, government, community, and public in general
• Business ethics – concept and elements
• Business and environmental protection

UNIT-5

Consumer protection

• Importance of consumer protection
• Rights of consumers
• Consumer responsibilities
• Ways and Means of consumer protection
• Consumer awareness and legal redressal with special reference to Consumer Protection Act
• Role of Consumer Organizations and NGOs

UNIT-6

Principles of Management

• Principles of Management – meaning, nature, and Significance
• Fayol’s Principles of Management
• Taylor’s scientific management – Principles and Techniques

UNIT-7

Functions of Management

• Planning – Meaning, Nature, Importance
• Organizing – Meaning, Nature, Importance
• Staffing – Meaning, Nature, Importance
• Directing – Meaning, Nature, Importance
• Controlling – Meaning, Nature, Importance
• Coordinating – Meaning, Nature, Importance

UNIT-8

Entrepreneurship Development

• Concept, Functions, and Need
• Entrepreneurship: Characteristics and Competencies
• Process of entrepreneurship development
• Entrepreneurship Values: Attitudes and Motivation- Meaning and concept

Download Maharashtra State Board HSC Class 12 Organization of Commerce and Management Syllabus 2023-24