Business Studies Grade 12 Notes 2022 PDF Free Download

Business Studies Grade 12 Notes 2022 PDF Download Info

Business Studies Grade 12 Notes 2022 PDF Free Download, बिजनेस स्टडीज ग्रेड 12 नोट्स 2022 PDF, Chapter 1 Notes Pdf Download, Class 12 Business Studies Handwritten Notes, Question Bank Pdf, Notes Pdf Download In Hindi.

Business Studies Grade 12 Notes 2022 PDF

The Preceding Example Is Of A Successful Organisation That Is Among The Top Corporations In India. Its Managerial Competence Has Propelled It To The Top. Management Is Essential In All Types Of Organisations, Including Those That Manufacture Handlooms, Trade In Consumer Products, Or Provide Hairstyling Services, As Well As Non-profit Organisations.

Consider Another Example. Smita Rai Is A 38-year-old Businesswoman Who Grew Up In Namchi, South Sikkim’s Rural Area. She Excelled In Art And Craft, Especially Wax Moulds. She Enjoyed Making Candles And Frequently Turned Them Into Toys And Little Works Of Art With Wax As Gifts For Her Friends And Relatives. She Was Adored And Admired For These Qualities. Smita Was Never Satisfied With The Women’s Situation In Her Neighbourhood Because

Most Were Poor And Unemployed, So She Decided To Do Something To Help Them Since She Recognised That Imparting Skills For A Living Was Necessary, But She Had No Clue How To Put Her Plan Into Action. In August 2012, She Met Abishek Lama, The Branch Manager Of Nedfi’s Namchi Branch, A Financial Company That Assists Locals With Skill Development Programmes While Simultaneously Channelling Them Into Revenue-generating Businesses.

Smita Became Intrigued. “I Like Creating Candles; Why Not Turn My Pastime Into A Business And Include These Rural Women As Well?” She Reasoned. This Resulted In The Formation Of Namchi Designer Candles With The Assistance Of Nedfi, Several Financial Institutions, And Cooperation From Numerous Stakeholders Across Multiple Dimensions. Despite Obstacles, The Ladies Have Never Looked Back Since. The

Management’s Nature And Importance Three Women Were Also Subjected To A Great Deal Of Harassment, But They Were Able To Overcome Their Difficulties. Namchi Designer Candles Employs Only Women And Manufactures A Wide Range Of Candles. During Diwali, They Create Specially Designed Candles For The Occasion.

These Diwali-themed Candles Have Been A Hit In Sikkim, With Demand Increasing Year After Year. Namchi Designer Candles Was Awarded The North East Women Entrepreneur Of The Year 2015-2016 For Sikkim And The Sreemanta Shankar Mission Of Guwahati On April 26th, 2018 In New Delhi.

Smita’s Usual Day Consists Of A Succession Of Interconnected And Continuous Functions. She Has To Put Together A Spectacular Diwali Collection. This Entails Raising Additional Funding And Hiring More People. She Must Also Connect With Her Suppliers On A Regular Basis To Verify That Deadlines For

Goods Are Delivered On Time. Throughout The Day, She Interacts With Consumers To Get General Feedback And Any Recommendations They May Have. Namchi Designer Candles Is Managed By Smita. So Is The Principal In Charge Of Your School. They’re All In Charge Of Organisations. Schools, Hospitals, Stores, And Major Enterprises Are All Organisations With Various Aims That Try To Accomplish Something.

Whatever The Organisation Or Its Aims, They All Have One Thing In Common: Management And Managers. You’ve Noticed That Smita’s Work As A Manager Consists Of A Variety Of Different Activities Or Functions Aimed At Achieving The Organization’s Goals. Management Includes These Interconnected And Interdependent Functions. Successful Organisations Do Not Achieve Their Objectives By Chance, But Rather Through A Deliberate Process Known As’management.’

Business Environment Notes PDF

The Term “Business Environment” Refers To All Individuals, Institutions, And Other Forces That Are Outside The Control Of A Commercial Enterprise Yet May Have An Impact On Its Performance. As One Author Put It, “Simply Take The

Subtract The Subset That Represents The Organisation From The Universe, And The Remainder Is The Environment.” Thus, The Economic, Social, Political, Technological, And Other Forces That Operate Outside Of A Business Enterprise Are Considered To Be Part Of Its Environment. Individual Consumers Or Competing Enterprises, As Well As Governments, Consumer Groups, Competitors, Courts, Media, And Other Institutions Working Outside An Enterprise, All Contribute To The Enterprise’s Environment.

The Important Point Is That, While Being Beyond The Boundaries Of A Business, These Individuals, Institutions, And Forces Are Likely To Influence Its Performance. Changes In Government Economic Policies, Rapid Technological Developments, Political Uncertainty, Changes In Consumer Fashions And Tastes, And Increased Market Competition, For Example, All Have A Significant Impact On The Operation Of A Business Enterprise. Government Tax Increases Might Make Things More Expensive To Buy. Existing Products May Become Obsolete As A Result Of Technological Advancements. Political Uncertainty May Cause Investors To Be Fearful.

Changes In Consumer Fashion And Tastes May Shift Market Demand Away From Existing Products And Toward New Ones. Increased Market Competition May Cause Firms’ Profit Margins To Shrink. Based On The Above Discussion, It Can Be Said That The Business Environment Has The Following Characteristics: (I) Totality Of External Forces: The Business Environment Is The Sum Total Of All Things External To Business Firms And Is Hence Aggregate In Nature.

(Ii) Specific And General Forces: Specific And General Forces Are Present In The Business Environment. Specific Forces (Such As Investors, Customers, Competitors, And Suppliers) Have An Immediate And Direct Impact On Individual Businesses. General Forces (Such As Social, Political, Legal, And Technological Conditions) Have An Impact On All Business Enterprises And May Therefore Have An Indirect Impact On An Individual Firm.

(Iii) Interconnectedness: Different Elements Or Parts Of The Business Environment Are Inextricably Linked. People’s Increased Life Expectancy And Increased Awareness Of Health Care, For Example, Have Increased Demand For Many Health Products And Services Such As Soft Drinks, Fat-free Cooking Oil, And Health Resorts. People’s Lifestyles Have Changed As A Result Of New Health Products And Services. (Iv) Dynamic Nature: The Business Environment Is Dynamic In The Sense That It Is Always Changing, Whether Due To Technological Advancement, Shifts In Consumer Preferences, Or The Entry Of New Competitors Into The Market.

Uncertainty: The Business Environment Is Mostly Uncertain Since It Is Difficult To Predict Future Events, Particularly When Environmental Changes Occur Often, As In The Case Of The Information Technology And Fashion Industries. (V I ) Complexity: Because The Business Environment Is Made Up Of Several Interconnected And Dynamic Conditions Or Forces That Emerge From Various Sources, It Is Difficult To Understand What Exactly Constitutes A Given Environment All At Once. In Other Words, Environment Is A Complex Phenomenon That Is Easier To Understand In Parts But Difficult To Understand In Its Totality Of 72 Business Studies.

For Example, It May Be Difficult To Determine The Extent Of The Relative Impact Of Social, Economic, Political, Technological, Or Legal Factors On Changes In Market Demand For A Product. (Vii) Relativity: The Business Environment Is A Relative Concept Since It Varies By Country And Even Region. For Example, Political Conditions In The United States Differ From Those In China Or Pakistan. Similarly, Although Demand For Sarees May Be Rather High In India, It May Be Almost Non-existent In France.