• AglaSem
  • Schools
  • Admission
  • Career
  • News
  • Hindi
  • Mock Test
  • Docs
  • ATSE
aglasem
No Result
View All Result
aglasem
  • Home
  • CBSE
    • Date Sheet
    • Syllabus
    • Sample Papers
    • Question Papers
  • ICSE / ISC
  • State Boards
    • Date Sheet
    • Admit Card
    • Result
    • Sample Paper
    • Question Paper
  • NCERT
    • NCERT Solutions
    • NCERT Books
    • NCERT Audio Books
    • NCERT Exempler
  • Study Material
    • Notes
    • Solved Sample Papers
    • Maps
    • Writing Skill Format
  • Olympiads
    • NTSE
    • NMMS
  • School Admission
  • Entrance Exams
    • JEE Main
    • NEET
    • CLAT
  • Students Guide
    • Careers Opportunities
    • Courses & Career
    • Courses after 12th
  • Mock Tests
  • Others
    • RD Sharma Solutions
    • HC Verma Solutions
    • Teaching Material
    • Classes Wise Resources
No Result
View All Result
aglasem
No Result
View All Result

CBSE Notes Class 11 Business Studies Private, Public and Global Enterprises

by aglasem
March 14, 2023
in 11th Class

Class 11 Business Studies Private, Public and Global Enterprises – Get here the Notes for Class 11 Business Studies Private, Public and Global Enterprises. Candidates who are ambitious to qualify the Class 11 with good score can check this article for Notes. This is possible only when you have the best CBSE Class 11 Business Studies study material and a smart preparation plan. To assist you with that, we are here with notes. Hope these notes will helps you understand the important topics and remember the key points for exam point of view. Below we provided the Notes of Class 11 Business Studies for topic Private, Public and Global Enterprises. 

  • Class: 11th
  • Subject: Business Studies
  • Topic: Private, Public and Global Enterprises
  • Resource: Notes

CBSE Notes Class 11 Business Studies Private, Public and Global Enterprises

Candidates who are pursuing in Class 11 are advised to revise the notes from this post. With the help of Notes, candidates can plan their Strategy for particular weaker section of the subject and study hard. So, go ahead and check the Important Notes for CBSE Class 11 Business Studies Private, Public and Global Enterprises from this article.

1. Private Sector and Public Sector There are all kinds of business organisations small or large organisation, privately owned or government owned existing.In our country. These organisation affect our daily economic life and therefore become part of the Indian Economy.

Since the Indian Economy consists of both privately owned and government owned business enterprises. it. is known as mixed economy.

2. Form of Public Sector Enterprises Public sector organisations are formed in three different forms

(i) Departmental undertaking
(ii) Public corporation/Statutory corporation
(iii) Government company

3. Departmental Undertakings This is the oldest form of public sector considered as enterprises. The departmental undertaking one of the departments of government. It has is no separate existence than government.

(i) Features

(a) They are a part of government only, there is no separate entity.
(b) They are financed from the annual budgets of the government.
(c) The revenues of departmental undertakings arc civil servants and recruited and compansated as per the rules of civil servants.
(d) They can be sued in the same manner as one can file a suit against the government.

(i) Merits

(a) Easy formation
(b) Effective control
(c) Optimum utilisation of funds
(d) Accountability
(e) Public revenue
(f) Secrecy

(iii) Demerits

(a) Inflexibility
(b) Lack of motivation
(c) Lack of financial autonomy
(d) Inefficient management
(e) Red tapism and bureaucracy

4. Public Corporation/Statutory Corporation A statutory corporation is a body corporate formed by Special Act of Parliament or by the central or state legislation. It is fully financed by the government.

(i) Features

(a) It is created by an Act of Parliament or central or state legislature.
(b) The powers, objectives and limitations of public corporation are defined in the out only.
(c) It operates under total control of Central or State Government.
(d) It is managed by the board of directors who are nominated by the government.
(e) The main motive of public corporation is service to general public.
(f) The Accounts of Public Corporation are generally audited by the Controller and Auditor General.

(ii) Merits

(a) Administrative autonomy
(b) Quick decision
(c) Service motive
(d) Efficient staff
(e) Professional management

(iii) Demerits

(a) Autonomy on paper only
(b) Lack of initiative
(c) Rigid structure
(d) Unfair Practices

5. Government Companies Government Company means any company in which at least 51% of the paid up share capital is held by the Central or State Government or partly by Central or State Government.

For example, Steel Authority of India

(i) Features

(a) Registration
(b) Ownership
(c) Management
(d) Separate legal entity
(e) Ministerial control
(f) Financial autonomy
(g) Efficient staff
(h) Accountability

(ii) Merits

(a) Administrative autonomy
(b) Greater flexibility
(c) Efficient staff
(d) Collaboration

(iii) Demerits

(a) Autonomy on paper only
(b) Political Interference
(c) Board packed with government representatives,

6. Role of Public Sector

(i) Development of Infrastructure The infrastructure consists of services like transportation. communication, irrigation etc. The infrastructure is considered as the backbone of economic growth. So government set up various public sector enterprises to under take the task of developing infrastructure of our country.

(ii) Regional Balance The government tries to locate new public sector enterprises in the backward areas so that the people of that area get opportunity to work and these can also be developed ensuring balanced regional development.

(iii) Economies of Scale Public sector industries require large base to function economically which was only possible with government resources and large scale production.

(iv) Check Over Concentration of Economic Power The public sector can invest in heavy sector and thus income does not go in a few hands of private sector but it gets shared by a large number of employees and workers. This prevents concentration of wealth in private sector.

(v) Import Substitute These enterprises are making us self-reliant and saving huge amount of foreign exchange.

7. Global Enterprises

According to Global Enterprises by Niel H Jacoby. “A multinational corporation owns and manages business in two or more countries

(i) Features

(a) Giant size
(b) International operations
(c) Professional management
(d) Centralised control
(e) Oligopolistic powers
(f) International market

(ii) Merits

(a) Employment opportunities
(b) Advanced technology
(c) Foreign capital
(d) Growth of domestic firm
(e) Foreign exchange
(f) Standard of living
(g) Healthy competition
(h) Managerial revolution

(iii) Demerits

(a) Obsolete technology
(b) Creation of monopoly
(c) Restrictive clauses
(d) Excessive remittance
(e) Threat to national sovereignty
(f) Depletion of National resources

8. Joint Venture When two or more firms join together to Establish a new enterprise then it is known as joint venture. For example, Tata Iron and Steel Company joined hand with IPCOL to promote IPITATA Sponge Iron Limited,

(i) Merits

(a) Reduces competition
(b) Reduces risk
(c) Protection for small companies
(d) Advanced technology
(e) Better competence
(f Large capital
(g) Reduction in cost

(ii) Demerits

(a) Problem in sharing capital
(b) Legal restrictions
(c) Conflicts
(d) Mergers and monopolies
(e) Lack of co-ordination

Class 11 Key Points, Important Questions & Practice Papers

Hope these notes helped you in your schools exam preparation. Candidates can also check out the Key Points, Important Questions & Practice Papers for various Subjects for Class 11 in both Hindi and English language form the link below.

Class 11 Physicsकक्षा 11 अर्थशास्त्र
Class 11 Chemistryकक्षा 11 समाज शास्त्र
Class 11 Mathsकक्षा 11 शारीरिक शिक्षा
Class 11 Biologyकक्षा 11 राजनीति विज्ञान
Class 11 Business Studiesकक्षा 11 इतिहास
Class 11 Accountancyकक्षा 11 भूगोल 
Class 11 Sociology
Class 11 Physical Education
Class 11 English

 Class 11 NCERT Solutions

Candidates who are studying in Class 11 can also check Class 11 NCERT Solutions from here. This will help the candidates to know the solutions for all subjects covered in Class 11th. Candidates can click on the subject wise link to get the same. Class 11 Chapter-wise, detailed solutions to the questions of the NCERT textbooks are provided with the objective of helping students compare their answers with the sample answers.

  • Biology
  • Chemistry
  • Physics
  • Mathematics
  • English
  • Hindi
  • Business Studies

Class 11 Mock Test / Practice

Mock test are the practice test or you can say the blue print of the main exam. Before appearing in the main examination, candidates must try mock test as it helps the students learn from their mistakes. With the help of Class 11 Mock Test / Practice, candidates can also get an idea about the pattern and marking scheme of that examination. For the sake of the candidates we are providing Class 11 Mock Test / Practice links below.

  • Maths
  • Physics
  • Chemistry
  • Biology

Class 11 Exemplar Questions

Exemplar Questions Class 11 is a very important resource for students preparing for the Examination. Here we have provided Exemplar Problems Solutions along with NCERT Exemplar Problems Class 11. Question from very important topics is covered by Exemplar Questions for Class 11.

Physicsरसायन विज्ञान
Chemistryजीव विज्ञान
Maths
Biology

CBSE Class 11 Business Studies Notes Maths Notes Accountancy Notes Sociology Notes

Tags: Business Studies NotesCBSE Class 11 NotesClass 11 NotesClass 11thNotes
Previous Post

CBSE Notes Class 11 Business Studies Emerging Modes of Business

Next Post

CBSE Notes Class 11 Business Studies Nature and Purpose of Business

Related Posts

Andhra Pradesh Board
11th Class

AP Inter 1st Year Previous Year Question Papers (PDF) – Download Andhra Pradesh Board Question Papers

11th Class

AP Inter 1st Year Arabic Question Paper 2022

11th Class

AP Inter 1st Year Botany Question Paper 2022

11th Class

AP Inter 1st Year Chemistry Question Paper 2022

Leave a Reply Cancel reply

CBSE Board Quick Links

  • CBSE Date Sheet
  • CBSE Result
  • CBSE Syllabus
  • CBSE Sample Papers
  • CBSE Question Papers
  • CBSE Notes
  • CBSE Practice Papers
  • CBSE Mock Tests

Class Wise Study Material

  • Class 1
  • Class 2
  • Class 3
  • Class 4
  • Class 5
  • Class 6
  • Class 7
  • Class 8
  • Class 9
  • Class 10
  • Class 11
  • Class 12

Board Exams 2023

  • Solved Sample Papers
  • Maps
  • Revision Notes
  • CBSE
  • State Board

Study Material

  • Class Notes
  • NCERT Solutions
  • NCERT Books
  • HC Verma Solutions
  • Courses After Class 12th

Exam Zone

  • JEE Main 2023
  • NEET 2023
  • CLAT 2023
  • Fashion & Design
  • Latest
  • Disclaimer
  • Terms of Use
  • Privacy Policy
  • Contact

© 2019 aglasem.com

  • Home
  • CBSE
    • Date Sheet
    • Syllabus
    • Sample Papers
    • Question Papers
  • ICSE / ISC
  • State Boards
    • Date Sheet
    • Admit Card
    • Result
    • Sample Paper
    • Question Paper
  • NCERT
    • NCERT Solutions
    • NCERT Books
    • NCERT Audio Books
    • NCERT Exempler
  • Study Material
    • Notes
    • Solved Sample Papers
    • Maps
    • Writing Skill Format
  • Olympiads
    • NTSE
    • NMMS
  • School Admission
  • Entrance Exams
    • JEE Main
    • NEET
    • CLAT
  • Students Guide
    • Careers Opportunities
    • Courses & Career
    • Courses after 12th
  • Mock Tests
  • Others
    • RD Sharma Solutions
    • HC Verma Solutions
    • Teaching Material
    • Classes Wise Resources

© 2019 aglasem.com

Play Quiz = Earn Coins Click Here!