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About the subject Business Studies

About the subject Business Studies
The subject Business Studies is introduced at higher secondary education as formal commerce education is provided after ten years  of schooling. Therefore, it becomes necessary that the transaction of this subject is given in such a manner that students have a good understanding of the principles and practices bearing in business ( trade and industry) as well as their relationship with the society. Business is a dynamic process that brings together technology,  natural resources and human initiative in a constantly changing global environment. To understand the framework in which a business operates, a detailed study of the organization and management of business processes and its interaction with the environment is required. Globalisation has changed the way firms transact their business. Information technology is becoming a part of business operations in more and more organizations. E-business and other related concepts are picking up fast which need to be emphasized in the curriculum.
The subject Business Studies will prepare students to analyse, manage, evaluate and respond to changes which affect business. It provides a way of looking at and is influences by social, political, legal and economic forces. It allows students to appreciate that business is an integral component of society and develops an understanding of many social and ethical issues. It informs the students of a range of study and work option and bridges the gap between school and work.

Objectives
1. To develop in learners an understanding of the processes of business and its environment
2. To acquaint learners with the dynamic nature and interdependent aspects of business
3. To develop an interest in the theory and practice of business, trade and industry
4. To familiarize learners with theoretical foundation of organizing, managing and handling operations of a business firm
5. To help learners appreciate the economic and social significance of business activities and the social costs and  benefits arriving there from
6. To acquaint learners with the practice of managing the operations and resources of business
7. To prepare learners to function more effectively and responsibly as consumers, employers, employees and citizens
8. To help learners in making the transition from school to the world of work including self employment 
9. To develop in learners a business attitude and skills to be precise and articulate.

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