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How to prepare for Business Studies: Step by Step Guide - Commerce PDF Download

Business studies is nothing but study of organisation of commerce. To understand the framework in which a business operates, you need to know about the organisation and management of business processes and its interaction with the environment is required. In simple terms, Business Studies’ examination tests your conceptual understanding of businesses and all the aspects it is surrounded with.

Business studies, as a subject, provides a way of looking at and interacting with the business environment. It recognizes the fact that business influences and is influenced by social, political, legal and economic forces.

So, it is a vast area and some good preparation is required in order to understand the complete syllabus of Business studies.

How to prepare for Business Studies: Step by Step Guide - Commerce

Business Studies(BST) Course Class 12- Notes & Imp Questions

Includes 107 docs, 57 videos & 24 tests 

Here are few guiding tips to help you with the preparation of Business studies:

1. Strong Conceptual knowledge:

The initial step in the preparation of Business studies is to read and learn the very basics of the subject. Read all the chapters from NCERT Textbooks for Business Studies and understand the various definitions, terminologies and their meanings from NCERT Solutions for Business studies. This way you will build a good base for further learning. A tip to learn these concepts is making flash cards. While going through your topics, note down all the points and the keywords associated with each chapter on a flash card (or a normal paper). These flashcards can be taken anywhere and its becomes easy to revise anywhere and anytime.  

NCERT Textbooks and solutions for Business studies

Chapter 1 - Nature and Significance of Management

Chapter 2 - Principles of Management

Chapter 3 - Business Environment

Chapter 4 - Planning

Chapter 5 - Organising

Chapter 6 - Staffing

Chapter 7 - Directing

Chapter 8 - Controlling

Chapter 9 - Financial Management

Chapter 10 - Financial Market

Chapter 11 - Marketing Management

Chapter 12 - Consumer Protection

2. Strategize your learning:

Business studies is all about practical understanding. You should be able to relate what you learn with examples from around you. Find out appropriate examples for each business concept. This technique of learning provides you with an added advantage and an edge over the others, thus making your answer appear more realistic and worthy of practical application. Also, make a habit of writing notes of whatever you study. Include diagrams, flow charts and tables in your notes. Map your understanding into mind-maps or flowcharts using simple words to easily connect the dots. This way you will learn faster and also you will be able to write good answers in your exam.

3. Read Case studies:

To tackle questions that deal with higher order skills, read as many case studies as possible, and start analyzing topics. CBSE exams do include questions that test your higher order thinking skills that is questions are asked based on practical applications of the concepts. So, you should know the practical side of every topic. For this, focus on the case studies and you will be able to attempt such questions with ease.

4. Revision is the key:

On completing the entire syllabus of Business studies, start with the revision. Revision is very very important as it helps you retain the concepts in your mind for a longer period of time. Start revising from all the notes you prepared, practice registers and formula sheets made by you while studying. You must dedicate a good amount of time to revision. Allocate revision time to every chapter in the study schedule.

5. Test your knowledge with Previous Years Papers and Sample papers:

Practice is a crucial step in the preparation. Attempting previous year question papers helps because they give an idea about the paper pattern, the time pressure to be worked under, the marking scheme and the expectations from the answers that one must write. You will learn time management while practicing Past years papers of Business studies.

Finally, evaluate yourself with sample papers. Sample papers will keep you updated with any changes in the question paper format and other changes.

Previous Year papers and sample papers for Business studies

Similarly, Prepare For Other Subjects :
How to prepare for Accountancy?
How to prepare Reasoning for English Exam?
How to prepare for Economics?

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FAQs on How to prepare for Business Studies: Step by Step Guide - Commerce

1. How can I effectively prepare for a Business Studies exam?
Ans. To effectively prepare for a Business Studies exam, you can follow these steps: 1. Review the syllabus: Familiarize yourself with the topics and concepts that will be covered in the exam. Make a study plan accordingly. 2. Organize your notes: Gather all your class notes, textbooks, and resources related to the subject. Review and condense your notes to create concise study materials. 3. Practice with past papers: Solve previous years' exam papers to understand the exam format, time management, and types of questions asked. This will also help you identify any knowledge gaps. 4. Create a study schedule: Allocate specific time slots for studying each topic. Break down the syllabus into manageable sections and distribute your study time accordingly. 5. Seek clarification: If you have any doubts or areas of confusion, reach out to your teacher or classmates for clarification. It is important to have a clear understanding of the concepts. 6. Use visual aids: Utilize visual aids such as diagrams, charts, and graphs to better understand and remember complex concepts. 7. Review and revise: Regularly review and revise the topics you have studied. This will help reinforce your understanding and improve retention. 8. Take breaks and stay motivated: It is essential to take short breaks during study sessions to avoid burnout. Stay motivated by setting achievable goals and rewarding yourself for completing them. Remember, effective preparation requires consistency and dedication. Start early and allocate sufficient time for revision before the exam.
2. What are the key topics that I should focus on for a Business Studies exam?
Ans. The key topics that you should focus on for a Business Studies exam may vary depending on the specific syllabus and curriculum. However, some common topics that are often covered in Business Studies exams include: 1. Business Environment: Understanding the internal and external factors that can impact a business, such as economic conditions, government policies, and social factors. 2. Marketing: Concepts related to product development, pricing, promotion, and distribution. This includes understanding target markets, consumer behavior, and marketing strategies. 3. Human Resources Management: Topics related to employee recruitment, selection, training, and performance evaluation. Also, understanding labor laws and employee motivation. 4. Finance and Accounting: Basic financial concepts, financial statements analysis, budgeting, and financial decision-making. This includes topics like profitability, liquidity, solvency, and return on investment. 5. Operations Management: Understanding the production process, supply chain management, quality control, and inventory management. 6. Business Ethics: Ethical considerations and social responsibility in business operations. Remember to refer to your specific syllabus or curriculum to ensure you cover all the required topics for your exam.
3. Are there any recommended textbooks or study materials for Business Studies?
Ans. Yes, there are several recommended textbooks and study materials available for Business Studies. Some popular ones include: 1. "Business Studies" by Dave Hall, Rob Jones, and Carlo Raffo. 2. "Business Studies for A-Level" by Ian Marcouse, Andrew Gillespie, and Malcolm Surridge. 3. "Cambridge International AS and A Level Business" by Peter Stimpson and Alastair Farquharson. 4. "Business Studies: A Complete Introduction" by Brian Titley. 5. "Business Studies: A Practical Approach" by J. Oliver. Apart from textbooks, you can also refer to online resources such as educational websites, videos, and articles that provide additional explanations and practice questions. Make sure to select study materials that align with your specific curriculum or syllabus.
4. How can I improve my essay writing skills for Business Studies exams?
Ans. To improve your essay writing skills for Business Studies exams, you can follow these tips: 1. Understand the question: Read the essay prompt carefully and ensure you fully understand what is being asked. Identify the key terms and requirements of the question. 2. Plan your essay: Before you start writing, create an outline or a mind map to organize your thoughts and structure your essay. This will help you maintain a logical flow of ideas. 3. Use clear and concise language: Avoid using complex jargon or unnecessary words. Write in a clear and concise manner, making your arguments easy to understand. 4. Support your arguments with evidence: Use relevant examples, case studies, or statistics to support your arguments. This shows that you have a good understanding of the topic and can apply it to real-world scenarios. 5. Structure your essay: Divide your essay into introduction, body paragraphs, and conclusion. Each paragraph should focus on a specific point or argument. Use topic sentences and transitions to ensure a smooth flow of ideas. 6. Proofread and edit: After completing your essay, take the time to proofread it for grammar, spelling, and punctuation errors. Make sure your ideas are coherent and well-developed. Edit where necessary to improve clarity and conciseness. 7. Practice writing essays: The more you practice, the better you will become. Take advantage of past papers or practice questions to hone your essay writing skills. Remember to manage your time effectively during the exam and allocate sufficient time for planning, writing, and reviewing your essay.
5. How can I effectively study and retain business terminology?
Ans. To effectively study and retain business terminology, you can use the following strategies: 1. Create flashcards: Write down key terms and their definitions on flashcards. Review them regularly, testing yourself on the meaning of each term. This helps reinforce your memory. 2. Use mnemonic devices: Create acronyms, rhymes, or visual images to associate with specific terms. These mnemonic devices can make it easier to remember complex or abstract concepts. 3. Practice active recall: Instead of simply re-reading your notes, actively recall the definitions or explanations of key terms from memory. This forces your brain to retrieve information, enhancing retention. 4. Relate terms to real-life examples: Connect business terms to real-life scenarios or examples. This helps you understand the practical application of the terms and makes them more memorable. 5. Utilize online resources: Use online business glossaries or dictionaries to expand your vocabulary. Many websites offer interactive quizzes and exercises to test your knowledge of business terminology. 6. Engage in discussions: Participate in group discussions or forums where business terms are discussed. Explaining concepts to others and hearing different perspectives can deepen your understanding and retention. 7. Regularly review and revise: Set aside dedicated time to review and revise business terminology regularly. Spaced repetition, where you revisit the terms at gradually increasing intervals, can enhance long-term retention. By using a combination of these strategies and consistently practicing, you can effectively study and retain business terminology for your exams.
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