Commerce Wallah 12 - Class 11 & 12, CA & CUET Notes

  CBSE Class 11 Business Studies Unit 4: Business Services – Complete Notes Business Services are an important part of modern business. Banks, insurance companies, postal services and digital payment systems help businesses perform their activities smoothly and safely. These notes explain Business Services, Banking, Bank Accounts, Bank Draft, Overdraft, Cash Credit, E-Banking, Digital Payments, Insurance, Insurance Principles and Postal Services in easy language. 1. Business Services – Meaning What are Business Services? Business services are services that help businesses in carrying out their business activities smoothly and efficiently. Unlike goods, services are generally intangible , which means they cannot be touched or stored like physical goods. Examples of Business Services Banking services Insurance services Transportation Warehousing Communication Postal services Courier services Digital payment services Simple Example Suppose Rahul runs a garment shop. He needs: A bank...

CBSE Class 11 Business Studies Unit 3 – Public, Private and Global Enterprises Easy Notes | Important Concepts | Examples | Important Questions | Quick Revision Introduction Business enterprises can be classified into different forms based on ownership and control . In this chapter, we mainly study: Public Sector Enterprises Private Sector Enterprises Global Enterprises Joint Ventures Public Private Partnership (PPP) Understanding these forms helps us know who owns the business, who controls it, how it operates and what its main objectives are . 1. Public Sector and Private Sector Enterprises Public Sector Enterprises A public sector enterprise is an enterprise that is owned and/or controlled by the government . The government may own the enterprise fully or have controlling ownership, depending on its form. Easy Example Indian Railways is a well-known example of an organisation operating under the public sector. Main Objective Public sector enterprises generally work not only for pro...

  CBSE Class 11 Business Studies Unit 2 – Forms of Business Organisations Easy Notes | Important Concepts | Examples | Important Questions | Quick Revision Introduction Every business needs a suitable form of organisation. A small shop may be managed by one person, while a large business may require many owners, managers and investors. The main forms of business organisation are: Sole Proprietorship Partnership Hindu Undivided Family Business Cooperative Society Company The choice of business organisation depends on factors such as capital requirement, size of business, risk, control, continuity, legal formalities and liability . 1. Sole Proprietorship Meaning of Sole Proprietorship Sole proprietorship is a form of business organisation in which the business is owned, managed and controlled by one person . The owner receives all the profits and bears all the risks and losses of the business. Easy Example Ravi starts a small stationery shop with his own money. He purchases goods, m...