AIR FORCE SCHOOL HASIMARA. Lesson Plan. Board: CBSE Class: XI comm Subject: Business Studies. Chapter Name: Nature and purpose of Business

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1 AIR FORCE SCHOOL HASIMARA Lesson Plan Board: CBSE Class: XI comm Subject: Business Studies Chapter Name: Nature and purpose of Business Prerequisite Knowledge: Objectives Short description of lesson Audio Visual Aids Children must know about the activities undertaken by the human beings to earn money to satisfy their needs and the activities may be economic in nature or noneconomic in nature. Industries in Primary, secondary and tertiary. Trades in domestic market and international markets. The services provided by the transportation, banking, insurance warehousing and advertising etc. Children should be able to :- (a) Define and mean the human activities. (b) Understand difference between the economic and non-economic activities (c) Understand the difference between Business, Profession and Employment. (d) Find the Objectives of Business and role of profit in business. (e) Classify business activities Industry & Commerce (f) Know about Business risk meaning, causes and types. (a) Concept and characteristics of business. Business, profession and employment distinctive features. Objectives of business economic and social, role of profit in business. (b) Classification of business activities: industry and commerce. Industry Types: primary, secondary and tertiary. Commerce: trade and auxiliaries to trade. Business risks nature and causes CD s of Starting a business Basic Factors (Teacher Student Activities) A. Warm up Session: Discussing about requirement to perform some or other activities to

2 Procedure satisfy human beings needs i.e. pursue different occupations to earn a livelihood and to get some psychological satisfaction. some of these activities produce direct economic benefits e.g., working in office, running a shop, practicing as a doctor etc. while others do not produce direct economic benefits e.g., cooking, playing, going to temple etc. B. Student learning activities : Lecture on the topics of the chapter Types of economic activities : Business, Profession and employment. Non economic activities. Concept and characteristics of business. Objectives of business and role of profit in business. Business risk meaning, causes and types etc. Demonstration and discussion of Industries primary, secondary and tertiary, and commerce trade (Internal & external) and auxiliaries to trade (Transport, communication, banking and finance, insurance, warehouses and advertising). Expected outcome Assessment Children must be able to do recognize the meaning of business, profession and employment, business risks, commerce etc. Able to express objectives of business and the risks associated with business, role of profit in business. Classify the Industries and commerce. Can apply their knowledge and understanding for starting a new business. (Text questions and extra question) Theoretical questions based on :- Meaning of economic & non-economic activities & types, Concept and characteristics of business, Classification of business activities Industry and commerce, Objectives of business and role of profit in profit, business risks meaning, causes and types. Application oriented questions based on :- Trade Internal & External, Auxiliaries to trade Transport, communication, insurance, banking, warehousing, advertisement etc. Starting a business Basic factors.

3 AIR FORCE SCHOOL HASIMARA Lesson Plan Board: CBSE Class: XI comm Subject: Business Studies Chapter Name: Forms of Business Organisations Prerequisite Knowledge: Objectives Short description of lesson Audio Visual Aids Children must know about the business enterprise is an organization which is engaged in some business or commercial activity. Every business enterprise is a separate and distinct unit of business. Every business entity adopts some form of business organization to carry out business activities. It may be classified into many forms discussed in this chapter. Children should be able to :- (a) Define and mean the human activities. (b) Understand difference between the economic and non-economic activities (c) Understand the difference between Business, Profession and Employment. (d) Find the Objectives of Business and role of profit in business. (e) Classify business activities Industry & Commerce (f) Know about Business risk meaning, causes and types. (a) Concept and characteristics of business. Business, profession and employment distinctive features. Objectives of business economic and social, role of profit in business. (b) Classification of business activities: industry and commerce. Industry Types: primary, secondary and tertiary. Commerce: trade and auxiliaries to trade. Business risks nature and causes CD s of Starting a business Basic Factors A. Warm up Session: Discussing about requirement to perform some or other activities to satisfy human beings needs i.e. pursue different occupations to earn a livelihood and to get some psychological satisfaction. some of these activities produce direct economic

4 Procedure benefits e.g., working in office, running a shop, practicing as a doctor etc. while others do not produce direct economic benefits e.g., cooking, playing, going to temple etc. B. Student learning activities : Lecture on the topics of the chapter Types of economic activities : Business, Profession and employment. Non economic activities. Concept and characteristics of business. Objectives of business and role of profit in business. Business risk meaning, causes and types etc. Demonstration and discussion of Industries primary, secondary and tertiary, and commerce trade (Internal & external) and auxiliaries to trade (Transport, communication, banking and finance, insurance, warehouses and advertising). Expected outcome Assessment Children must be able to do recognize the meaning of business, profession and employment, business risks, commerce etc. Able to express objectives of business and the risks associated with business, role of profit in business. Classify the Industries and commerce. Can apply their knowledge and understanding for starting a new business. (Text questions and extra question) Theoretical questions based on :- Meaning of economic & non-economic activities & types, Concept and characteristics of business, Classification of business activities Industry and commerce, Objectives of business and role of profit in profit, business risks meaning, causes and types. Application oriented questions based on :- Trade Internal & External, Auxiliaries to trade Transport, communication, insurance, banking, warehousing, advertisement etc. Starting a business Basic factors.

5 AIR FORCE SCHOOL HASIMARA Lesson Plan Board: CBSE Class: XI Comm Sub - Business Studies Chapter Name: Private, Public and Global Enterprises Prerequisite Knowledge: Objectives Short description of lesson Audio Visual Aids Children must know about the business enterprise is an organization which is engaged in some business or commercial activity. Every business enterprise is a separate and distinct unit of business sole proprietorship, partnership, joint Hindu Family Business, Cooperative society and Joint stock companies. Companies adopt some form of business organization to carry out business activities. It may be classified into (a) Private sector and (b) Public sector Children should be able to know:- (a) Role of public sector Vs private sector. (b) Understand difference between Public sector and private sector. (c) Understand the difference between Departmental Undertaking, Public Corporation and Government Companies in terms of meaning, features, merits &demerits and suitability. (d) Changing role of public sector. (e) Global Enterprises: Meaning, features, merits and demerits. (f) Joint Venture : Meaning, benefits and drawbacks. (a) Role of Private sector Vs. Public sector since independence. (b) Forms/ Types of Public sector enterprises (i) Undertaking (ii) Public corporation (iii) Government companies (c) Changing role of public sector (d) Multinational Companies / Global Enterprises Benefits & drawbacks. (e) Joint Ventures Benefits & Drawbacks. CD s of difference between departmental Undertaking, Public corporation and government companies.

6 (Teacher Student Activities) Procedure A. Warm up Session : In previous chapter we have studied the forms and types of private sector enterprises. Immediately after independence, government of India nationalized many enterprises and also established many new undertakings. The industrial policy resolutions of 1948 and 1956 assigned dominant role to public sector enterprises. The entry of private sector was restricted in the form of licensing limits on expansion etc. B. Student learning activities : Lecture on the topics of the chapter Types of public sector enterprises : Departmental undertaking, Statutory corporation and government companies Features, merits & demerits. Changing role of public sector. Demonstration and discussion of Govt. policy since 1991 Privatization, Liberalization and Globalization. Benefits & drawbacks of multinational companies and joint venture. Expected outcome Assessment Children must be able to define departmental undertaking, statutory corporation, government companies, MNC and Joint venture. Able to express Difference between Public and private sector, Govt. policy towards the public sector since Classify the MNC and Joint venture. Can apply their knowledge and understanding in the benefits and drawback of MNC and Joint Venture. : (Text questions and extra question) Theoretical questions based on :- Meaning and features of departmental undertaking, statutory corporation, govt. companies, MNCs and Joint ventures. Classification of business activities Public sector and private sector, Changing role of public sector, benefits and drawback of MNC & Joint venture. Application oriented questions based on :- Govt. policy towards the public sector since Liberalization, Privatization, and Globalization.

7 AIR FORCE SCHOOL HASIMARA Lesson Plan Board: CBSE Class: XI Comm Sub - Business Studies Chapter Name: Business Services Prerequisite Knowledge: Objectives Short description of lesson Children must know about the business enterprise is an organization which is engaged in some business or commercial activity. Every business enterprise is a separate and distinct unit of business in Good producing and service providing. Types of services Transportation, banking, insurance, communication, warehousing etc. Children should be able to know:- (a) Meaning, features, classification and types of services. (b) Understand the banking services meaning, nature, types & functions. (c) Understand the Insurance meaning, importance, principles & types. (d) Difference between Insurance & Assurance and Life & General insurance. (e) Communication meaning, process and popular modes of communication. (f) Warehousing meaning, features, functions and types. (g) Transportation (a) Meaning, features and classification Business, social and personal services. (b) Types of Business services (i) Banking Meaning, classification commercial, Cooperative, specialized and central banks. Functions of commercial banks. (ii) Insurance Meaning, function, principles, types Life insurance and General insurance (Fire, marine and other types of insurance). (iii) Communication Meaning / definition, process, Modes Postal & Telecom postal services and Telecom services.

8 Audio Visual Aids Procedure (iv) Warehousing Meaning, functions / benefits and types private, public, co-operative, government and bonded. (v) Transportation Meaning, types rail, road, air and sea. CD s of difference between life insurance and general insurance, communication process and function of warehouses. A. Warm up Session: In previous chapters we have studied the forms and types of private sector enterprises and public sector enterprises. The service sector constitutes the basic infrastructure which is must for smooth flow of business activities. In the recent past the role of service sector in the Indian economy is growing faster than agriculture and industry. The significance of service sector is gaining momentum and it has become a major thrust area in the field of business. B. Student learning activities: Lecture on the topics of the chapter meaning, classification or types of business services banking, insurance, communication, warehouses and transportation. Difference between life, marine and fire insurance. Demonstration and discussion of functions of commercial banks, insurance and warehouses, principles of insurance, various modes of communication and transportation, kinds of life insurance policy etc. Expected outcome Children must be able to define services banking, insurance, communication, warehouses and transportation. Function & principles of insurance, banking, warehousing. Modes of communication and transportation. Types of bank, insurance, telecom services etc. : (Text questions and extra question) Assessment Theoretical questions based on: - Meaning and features of banking, insurance, communication, warehouses, transportation. Classification / types of business services banking, insurance, communication. Function and modes of business services etc. Application oriented questions based on :- On banking, life insurance, transportation.

9 AIR FORCE SCHOOL HASIMARA Lesson Plan Board: CBSE Class: XI Comm Sub - Business Studies Chapter Name: Emerging Modes of Business Prerequisite Knowledge: Objectives Short description of lesson Audio Visual Aids Children must know about the business enterprise is an organization which is engaged in some business or commercial activity. Modern Era/ World is the era of Globalization, change and technology. In response to this, business throughout the world is changing its organization, way of working and use of technology, business processes are being redesigned. Children should be able to know:- (a) Meaning and scope of e-business, E-business Vs e-commerce. (b) Understand the opportunities and resources required for e-business. (c) Understand the security problems related to e- business on line transactions. (d) Difference between e-business and traditional business. (e) Drawbacks of e-business. (f) Outsourcing Meaning, advantages and limitations (a) E-business Meaning, scope, benefits, limitations. (b) On-line transactions Registration, placing an order and payment Mechanisms. (c)security problems related to e-business Transactional risks, data storage risk, risk of threat to intellectual property and privacy. (d) E-business V/s Traditional business and resources required. (e) Outsourcing concept Meaning, advantages, types and limitations. CD s of difference between e-business Vs e-commerce and e-business Vs traditional business. (Teacher Student Activities) A. Warm up Session: In previous chapters

10 Procedure we have studied the services and types of business services. The service sector constitutes the basic infrastructure which is must for smooth flow of business activities. In the recent past the role of business throughout the world is changing its organization, way of working and use of technology business processes are being redesigned. The firms use not only general internet facilities for e-business but they also prefer to have their private and personal internet facilities for their internal functioning. B. Student learning activities: Lecture on various topic s of the chapter meaning, scope, benefits and limitations. Difference between e-business Vs traditional business. Resources required to implementing successful business. Demonstration and discussion of online transactions, security problems related to implementing successful e-business. Outsourcing meaning, advantages, types and limitations. Expected outcome Children must be able to define/meaning of e- business, e-commerce and outsourcing. Scope, benefits and limitations of e-business, e-commerce and outsourcing. System of online transactions, security problems related to e-business and resources required for successful implementation of e-business. Difference between e-business and traditional business. (Text questions and extra question) Assessment Theoretical questions based on: - Meaning, scope, benefits and limitations of e-business, e- commerce and outsourcing. Difference between e- business and traditional business. Application oriented questions based on: - On-line transactions, security problems related to e- business and resources required for successful implementation of e-business.

11 AIR FORCE SCHOOL HASIMARA Lesson Plan Board: CBSE Class: XI Comm Sub - Business Studies Chapter Name: Social Responsibilities of Business and Business Ethics Prerequisite Knowledge: Objectives Short description of lesson Audio Visual Aids Children must know that a business cannot survive for a long time by pursuing only economic objectives. Along with economic objectives it must have some social objectives. In addition to earning profit business must render service to society. Business is the most important organ of society so it must try to strengthen the society. Children should be able to know:- (a) Concept of social responsibility Definitions, case for and against of social responsibility. (b) Understand the reality and kinds of social responsibility. (c) Understand the social responsibility towards different interested groups. (d) Business and environment protection meaning, causes, need, and ways and means of pollution control. (e) Role of business in environmental protection. (f) Business Ethics Meaning, elements and factors affecting business ethics. (a) Concept of social responsibility Meaning, case for and against of social responsibility. (b) Reality and kinds of social responsibility. (c) Social responsibility towards different interested groups. (d) Business and environment protection meaning, causes, need, and ways and means of pollution control. Role of business in environmental protection. (e) Business Ethics Meaning, elements and factors affecting business ethics CD s of reality & kinds of social responsibility and social responsibility towards different interested groups.

12 (Teacher Student Activities) Procedure A. Warm up Session: In previous chapter, it was discussed that a business cannot survive for a long time by pursuing only economic objectives. Along with economic objectives it must have some social objectives. In addition to earning profit business must render service to society. Business is the most important organ of society so it must try to strengthen the society. Social responsibility relates to the voluntary efforts on the part of businessmen to contribute to the social well-being. It is the obligation of businessmen towards the society. B. Student learning activities: Lecture on various topic s of the chapter meaning and features of social responsibility. Business and environment protection meaning, causes, need, and ways and means of pollution control. Business ethics meaning & elements. Demonstration and discussion of reality and kinds of social responsibility, social responsibility towards different interested groups and business ethics factors affecting business ethics. Expected outcome Children must be able to define social responsibility and realities of social responsibilities. Can explain social responsibility towards different interested groups. Various causes of environment pollution and ways and means of pollution control. Role of business in environmental protection. Can able to explain the elements and factors affecting the business ethics. : (Text questions and extra question) Assessment Theoretical questions based on: - Meaning, in favour and against of social responsibility. Difference between e-business and traditional business. Business and environment protection meaning, causes, need, ways and means of pollution control. Business ethics meaning & elements. Application oriented questions based on: - Reality and kinds of social responsibility, social responsibility towards different interested groups and business ethics factors affecting business ethics.

13 AIR FORCE SCHOOL HASIMARA Lesson Plan Board: CBSE Class: XI Comm Sub - Business Studies Chapter Name: Formation of a company Prerequisite Knowledge: Objectives Short description of lesson Children must know that a business has a form of company also. Joint Stock Company has to follow a certain specified legal procedure for its formation. It has two types private company and public company. Owners are shareholders and they enjoys the voting right and participate in management of company. Registration is compulsory for a company and it has a long complex procedures. This chapter includes the procedures and formation of a joint stock company. : Children should be able to know:- (a) Stages in formation of a company. (b)promotion, Incorporation, Capital subscription, Commencement. (c) Promoter meaning, types and legal status. (d)important Documents Memorandum of Association, Articles of Association, Prospectus.. (e) Clauses and contents of memorandum and articles of association. (f) Importance and contents of prospectus. (g) Statements in lieu of prospectus. (a) Promotion stage Identification of business opportunities, feasibility studies, name approval, fixing up signatories to members, appointment of professionals, preparation of necessary documents. (b) Incorporation filling of necessary documents, payment of fees, registration, certificate of incorporation. (c) Capital subscription stage SEBI approval, prospectus, minimum subscription, application to stock exchange, allotment of shares. (d) Commencement of business Submission of

14 documents. (e) Memorandum of Association name clause, situation clause, objects clause, liability clause, capital clause, Association clause. (f) Articles of association meaning, general contents, and alteration. Audio Visual Aids CD s of Important documents and their content Memorandum of association, Articles of association and prospectus. (Teacher Student Activities) Procedure A. Warm up Session: In previous chapters, it was already discussed that some business has compulsory to get registration to form. It is not easy to form a company, without considering the long formalities of registration. Owners are shareholders and they enjoys the voting right and participate in management. Registration is compulsory for a company and it has long complex procedures for its formation. B. Student learning activities: Lecture on various topic s of the chapter meaning, features and stages of formation of a company - Promotion, Incorporation, Capital subscription, Commencement. Promoter meaning, types and legal status. Important Documents Memorandum of Association, Articles of Association, Prospectus. Demonstration and discussion of Clauses and contents of memorandum and articles of association. Importance and contents of prospectus. Statements in lieu of prospectus. Expected outcome Children must be able to Identify the documents required for the formation of company. Can explain the clauses required to fill for the formation of a company. Role of promoters and recognize the importance of incorporation certificate and commencement certificate. Importance and contents of prospectus or statements in lieu of prospectus. : (Text questions and extra question) Assessment Theoretical questions based on: - Meaning, difference and contents of memorandum of association and articles of association. Explanation of incorporation and commencement certificate. Importance and

15 contents of prospectus or statements in lieu of prospectus. Role of promoters etc. Application oriented questions based on: - Clauses, contents and alteration of memorandum and articles of association. Capital subscription stage, Incorporation and commencement certificate.

16 AIR FORCE SCHOOL HASIMARA Lesson Plan Board: CBSE Class: XI Comm Sub - Business Studies Chapter Name: Sources of Business Finance Prerequisite Knowledge: Objectives Short description of lesson Children must know that a business needs capital for its formation and to meet its various activities. A business without capital or shortfall in finance cannot survive for long term. So, sources of finance are available and business has to approach it right time for its fulfillment. No source of finance is free from limitations so we cannot say which is the best source of finance but proper analysis and interpretation will help businessman to take rational decision to meet financial requirement. This chapter includes the sources of finance with its merits & demerits. Children should be able to know:- (a) Meaning, nature & significance and types of finance. (b) Sources of finance Owner s fund and borrowed fund. (c) Securities Issued Share, debentures, public deposits & retained earnings. (d) Trade credit, Factoring services, Leasing, commercial papers etc. (e) Commercial banks and financial institutions Features, merits & demerits. (f) International sources of finance GDR and ADR. (g) Factors kept in mind before selecting a suitable source of business finance. (a) Sources of finance Owner s and Borrowed fund meaning, features, merits & demerits. (b) Methods of raising finance retained earnings, trade credits, factoring, lease financing, public deposits, commercial paper, shares equity & preference, debentures, commercial banks, financial institutions. Meaning, features, types, merits and demerits. (c) International financing GDR & ADR meaning, features, merits & demerits.

17 Audio Visual Aids Procedure (e) Distinguish between Equity Vs preference shares and shares Vs debentures. (d) Business finance Meaning, nature & significance, and types. (f) Factors kept in mind before selecting a suitable source of business finance. CD s of Sources of business finance an analysis. (Teacher Student Activities) A. Warm up Session: In previous chapters, it was discussed that a business needs capital for its formation and to meet its various activities. A business without capital or shortfall in finance cannot survive for long term. So, sources of finance are available and business has to approach it right time for its fulfillment. No source of finance is free from limitations so we cannot say which is the best source of finance but proper analysis and interpretation will help businessman to take rational decision to meet financial requirement. B. Student learning activities: Lecture on various topic s of the chapter Meaning, nature & significance, and types of Business finance. Meaning, features, merits & demerits of Owner s and Borrowed fund. Meaning, features, types, merits and demerits of methods of raising finance retained earnings, trade credits, factoring, lease financing, public deposits, commercial paper, shares equity & preference, debentures, commercial banks, financial institutions. Meaning, features, merits & demerits of International financing GDR & ADR. Demonstration and discussion of distinguish between Equity & preference shares and shares & debentures. Factors kept in mind before selecting a suitable source of business finance Expected outcome Children must be able to Define and alter nature & significance of Business finance. Re-call the meaning, merits and demerits of methods of raising finance retained earnings, trade credits, factoring, lease financing, public deposits, commercial paper, shares equity & preference, debentures, commercial banks, financial institutions. And explain meaning, features, merits & demerits of International financing GDR & ADR

18 : (Text questions and extra question) Assessment Theoretical questions based on: - Meaning, nature & significance, and types of Business finance. Meaning, features, merits & demerits of Owner s and Borrowed fund. Meaning, features, types, merits and demerits of methods of raising finance retained earnings, trade credits, factoring, lease financing, public deposits, commercial paper, shares equity & preference, debentures, commercial banks, financial institutions. Meaning, features, merits & demerits of International financing GDR & ADR. Application oriented questions based on: - Distinguish between Equity & preference shares and shares & debentures. Factors kept in mind before selecting a suitable source of business finance.

19 AIR FORCE SCHOOL HASIMARA Lesson Plan Board: CBSE Class: XI Comm Sub - Business Studies Chapter Name: Small Business Prerequisite Knowledge: Objectives Short description of lesson Audio Visual Aids : Children must know that a business needs capital for its formation and to meet its various activities. A business without capital or shortfall in finance cannot survive for long term. Small scale enterprises exist in every country of the world, but in a developing country like India, small scale enterprises occupy a special place as there is scarcity of capital and abundance of labour and small enterprises use labour intensive or capital saving techniques. : Children should be able to know:- (a) Meaning and features of small scale enterprises. (b) Scope and role of small business in rural India. (c) Problems of small business. (d) Government Assistance and special schemes. (e) Financial institutions set up for small business in Rural backward and hilly areas. (a) Meaning and administrative set up for the small scale, agro and rural industries. (b) Characteristics/ features of small scale industry. (c) Scope for setting up small scale business. (d) Role of small business in rural India. (e) Problems of small business in India. (f) Government assistance and special schemes for industries in rural backward and hilly areas Institutional support and Incentives. (g) Incentives offered by government for industries in rural area CD s of Role of small business and government assistance and special schemes in rural India. (Teacher Student Activities) A. Warm up Session: In previous chapters, it was discussed that a business needs capital for its formation and to meet its various activities. Small scale enterprises exist in every country of the world, but in a

20 Procedure Expected outcome Assessment developing country like India, small scale enterprises occupy a special place as there is scarcity of capital and abundance of labour and small enterprises use labour intensive or capital saving techniques. It includes :- Small scale industries, Ancillary industries, Export-oriented units, tiny units, Industries owned by women, cottage industries, khadi and village industries and agro based industries. B. Student learning activities: Lecture on various topic s of the chapter Meaning and administrative set up for the small scale, agro and rural industries. Characteristics/ features of small scale industry. Scope for setting up small scale business. Role of small business in rural India. Problems of small business in India. Demonstration and discussion of government assistance and special schemes for industries in rural backward and hilly areas Institutional support and Incentives. Incentives offered by government for industries in rural area Children must be able to Define and alter nature & significance of small scale industry. Scope for setting up small scale business. Role of small business in rural India. Identify problems of small business in India. Role of government providing assistance and special schemes for industries in rural backward and hilly areas Institutional support and Incentives. (Text questions and extra question) Theoretical questions based on: - Meaning and administrative set up for the small scale, agro and rural industries. Characteristics/ features of small scale industry. Scope for setting up small scale business. Role of small business in rural India. Problems of small business in India. Government assistance and special schemes for industries in rural backward and hilly areas Institutional support and Incentives. Incentives offered by government for industries in rural area Application oriented questions based on: - Government assistance and special schemes for industries in rural backward and hilly areas Institutional support and Incentives. Incentives offered by government for industries in rural area

21 AIR FORCE SCHOOL HASIMARA Lesson Plan Board: CBSE Class: XI Comm Sub - Business Studies Chapter Name: Internal Trade Prerequisite Knowledge: Objectives Short description of lesson Children must know that trade refers to buying and selling of goods and services for earning profit. When buying and selling of goods and services takes place within the geographical limits of a country known as internal trade. There are no or very few formalities to be completed by the traders and local modes of transport can be used for transfer of goods and services. Children should be able to know:- (a) Meaning and features of Internal trade. (b) Types of internal trade wholesale and retail trade. (c) Types of retail trade Itinerants and Fixed shop retailers. (d) Itinerants Hawkers or Pedlars, periodic market and street trader, cheap jacks etc. (e) Fixed shop Small scale and large scale retailers General store, single line, specialty store, street stop, street shop, second hand goods shop, seconds shops. (f) Large scale retailers Departmental stores, chain/multiple store, mail order retailing, consumer cooperative store, super market, automatic vending machine. (g) Chamber of commerce and industry meaning, role and functions. (a) Meaning, features and types of Internal trade wholesale and retail trade. (b) Wholesaler s services and elimination Arguments in favour & against. (c) Retailer s services and classification/types. (d) Itinerants Hawkers or Pedlars, periodic market and street trader, cheap jacks etc. (e) Fixed shop Small scale and large scale retailers General store, single line, specialty store, street stop, street shop, second hand goods shop, seconds shops.

22 Audio Visual Aids Procedure Expected outcome (f) Large scale retailers Departmental stores, chain/multiple store, mail order retailing, consumer cooperative store, super market, automatic vending machine. (g) Chamber of commerce and industry meaning, role and functions. CD s of Classification/types of retailing Itinerants & Fixed shops. (Teacher Student Activities) A. Warm up Session: In previous chapters, it was discussed that trade refers to buying and selling of goods and services for earning profit. When buying and selling of goods and services takes place within the geographical limits of a country known as internal trade. There are no or very few formalities to be completed by the traders and local modes of transport can be used for transfer of goods and services. B. Student learning activities: Lecture on various topic s of the chapter Meaning, features and types of Internal trade wholesale and retail trade. Wholesaler s services and elimination Arguments in favour & against. Retailer s services and classification/types :- Itinerants Hawkers or Pedlars, periodic market and street trader, cheap jacks etc. Fixed shop Small scale retailers General store, single line, specialty store, street stop, street shop, second hand goods shop, seconds shops. Large scale retailers Departmental stores, chain/multiple store, mail order retailing, consumer cooperative store, super market, automatic vending machine. Demonstration and discussion of Chamber of commerce and industry meaning, role and functions. Children must be able to Define, features and types of Internal trade wholesale and retail trade. Aware wholesaler s services and requirement of elimination i.e. arguments in favour & against of wholesaler. Retailer s services and their classification/types with meaning & features:- Itinerants Hawkers or Pedlars, periodic market and street trader, cheap jacks etc. Fixed shop Small scale General store, single line, specialty store, street stop, street shop, second hand goods shop, seconds shops. Large scale retailers Departmental stores, chain/multiple store, mail order retailing, consumer cooperative store, super market, automatic vending machine.

23 Assessment : (Text questions and extra question) Theoretical questions based on: - Meaning, features and types of Internal trade wholesale and retail trade. Wholesaler s services and their elimination Arguments in favour & against. Retailer s services and classification/types with meaning and features, merits & demerits:- Itinerants Hawkers or Pedlars, periodic market and street trader, cheap jacks etc. Fixed shop Small scale and large scale retailers General store, single line, specialty store, street stop, street shop, second hand goods shop, seconds shops. Large scale retailers Departmental stores, chain/multiple store, mail order retailing, consumer cooperative store, super market, automatic vending machine Application oriented questions based on: - Chamber of commerce and industry meaning, role and functions. Departmental stores Vs multiple/ chain stores.

24 AIR FORCE SCHOOL HASIMARA Lesson Plan Board: CBSE Class: XI Comm Sub - Business Studies Chapter Name: International Business Prerequisite Knowledge: Objectives Short description of lesson Children must know that trade refers to buying and selling of goods and services for earning profit. When buying and selling of goods and services takes place within the geographical limits of a country known as internal trade. But when buying and selling of goods and services takes place beyond the geographical limits of a country known as External/ International trade i.e. trade between two countries. Children should be able to know:- (a) Meaning, features and types of International business. (b) International business Vs domestic business. (c) Scope and importance of international/external business. (d) Mode of entering contract manufacturing, licensing & franchising, joint ventures, subsidies. (e) International trade institution and agreement WTO, UNCTAD, World bank/imf meaning, features and functions. (a)meaning, nature and types of International business. (b) Reason and benefits of external trade. International business Vs domestic business. (c) Scope and importance of international/external business. (d) Mode of entering contract manufacturing, licensing & franchising, joint ventures, subsidies meaning, features, merits & demerits. (e) International trade institution and agreement WTO, UNCTAD, World Bank/IMF meaning, features and functions.

25 Audio Visual Aids CD s of Export & Import procedures and documentation and Export promotion measures and organizational support. (Teacher Student Activities) Procedure A. Warm up Session: In previous chapters, it was discussed that trade refers to buying and selling of goods and services for earning profit. When buying and selling of goods and services takes place within the geographical limits of a country known as internal trade. There are no or very few formalities to be completed by the traders and local modes of transport can be used for transfer of goods and services. But when buying and selling of goods and services takes place beyond the geographical limits of a country known as External/ International trade i.e. trade between two countries. B. Student learning activities: Lecture on various topic s of the chapter Meaning, nature and types of International business. Reason and benefits of external trade. International business Vs domestic business. Scope and importance of international / external business. Mode of entering contract manufacturing, licensing & franchising, joint ventures, subsidies meaning, features, merits & demerits. Demonstration and discussion of International trade institution and agreement WTO, UNCTAD, World Bank/IMF meaning, features and functions. Expected outcome : Children must be able to Define, Mean, nature and types of International business. Can explain reasons and benefits of external trade. Could do International business Vs domestic business. Can debate on the scope and importance of international/external business for home country. Able to explain procedure of mode of entering contract manufacturing, licensing & franchising, joint ventures, subsidies meaning, features, merits & demerits. Discuss about meaning, features and functions of International trade institution and agreement WTO, UNCTAD, World Bank/IMF.

26 : (Text questions and extra question) Assessment Theoretical questions based on: - Meaning, nature and types of International business. Reason and benefits of external trade. International business Vs domestic business. Scope and importance of international/external business. Mode of entering contract manufacturing, licensing & franchising, joint ventures, subsidies meaning, features, merits & demerits. Application oriented questions based on: - International trade institution and agreement WTO, UNCTAD, World Bank/IMF meaning, features and functions.