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Student Projects on Business Visits

The document outlines two potential projects for students: 1. A field visit project where students visit local businesses like handicraft units, industries, wholesale markets, department stores or malls to observe operations and relate their observations to classroom lessons. 2. A case study project where students study a specific product in depth by researching aspects like origin, production process, marketing etc. The document provides detailed guidance and points of observation for field visits to different types of businesses to help students have a hands-on learning experience outside the classroom.

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0% found this document useful (0 votes)
30 views7 pages

Student Projects on Business Visits

The document outlines two potential projects for students: 1. A field visit project where students visit local businesses like handicraft units, industries, wholesale markets, department stores or malls to observe operations and relate their observations to classroom lessons. 2. A case study project where students study a specific product in depth by researching aspects like origin, production process, marketing etc. The document provides detailed guidance and points of observation for field visits to different types of businesses to help students have a hands-on learning experience outside the classroom.

Uploaded by

Bhavya
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

ICT and communication skills among them.

The teacher should help students to identify any one project from the given
topics.

[Link]: Field Visit


The objective of introducing this project among the students is to give a first hand
experience to them regarding the different types of business units operating in their
surroundings, to observe their features and activities and relate them to the theoretical
knowledge given in their text books. The students should select a place of field visit from
the following: - (Add more as per local area availability.)

1. Visit to a Handicraft unit.


2. Visit to an Industry.
3. Visit to a Whole sale market (vegetables, fruits, flowers, grains, garments, etc.)
4. Visit toa Departmental store.
5. Visit to a Mall.

The following points should be kept in mind while preparing this visit.

1. Select a suitable day free from rush/crowd with lean business hours.
out on logistics. It's better to seek
2. The teacher must visit the place first and check
business- incharge.
permission from the concerned
in advance. They should be encouraged
3. Visit to be discussed with the students
of observation and reporting,
to prepare a worksheet containing points
their own risk) with prior permission for
4. Students may carry their cameras (at
observations.
collecting evidence of their

1. Visit to a Handicraft Unit


unit is to understand nature and scope of its
The purpose of visiting a Handicraft outlined below
other aspects as
business, stake holders involved and
from
business: People /parties/firms
used in the
material and the
processes
to
a) The raw obtain their raw material covered. c) The
countries

which they middlemen, and the areas


the buyers, the
market,
b) Theexports a r e made.
which suppliers etc.
Mode of payment to workers,
d)
e) Working conditions.
a period of
time.
Modernization
of the process over workers.
f for the staff and
security and training
a) Facilities, a v a i l a b l e / availed.
h) Subsidies
other aspect that
the teachers deem fit.
i)Any
to an Industry.
2. Visit
the following:
are required to observe
The students
business organisation.
a) Nature of the unit. Undivided
Hindu
location of business
Determinants for Proprietorship,
Partnership,
b) enterprise: Sole
of business
c) FormJoint Stock Company (a
Multinational Company).
Family, production/process
Different stages of facilities
d) involved in the process. programmes
and
e) Auxiliaries method of wage
payment, training
Workers employed, environment
f) investors, society,
available towards workers,
discharged
Social responsibilities
g)
and government.
management.
h) Levels ofconduct for employers
and employees.
i) Code ofstructure employed- borrowed v/s owned.
j) Capital of defective goods.
Quality control, recycling
k)
I) S u b s i d i e s a v a i l a b l e / a v a i l e d .

Measures employed. Labour Laws.


m) Safety conditions for labour in observation of
n) Working and finished goods finished goods.
raw material material and
o) Storage of for employees, raw them (Production,
management coordination among
P) Transport various departments and
of
9) Functioning Finance and Marketing)
Human Resource,
r)Waste Management
observation.
s) Any other vegetables/fruits/flowers/grains/garments
etc.
market:
3. Visittoawhole sale
observe the following:
The students are required to

merchandise.
a) Sources of agents, etc.
practices. money lenders,
b) Local market businesses like transporters,
packagers,
C)Any linked up
dealt in.
d) Nature of the goods
sellers. of packaging employed.
e) Types of buyers and minimum quantity sold, types
) Mode of th goods dispersed, fluctuations.

9) Factors determining the price


Seasonal factors (if any) affecting the business.
Weekly/ nthly non-working days
i) If any- causes thereof.
Strikes,
payments.
Mode of
K) of dead stock,
nWastage and disposal
of price Tluctuations, reason thereof,
m)Nature
nl Warehousing facilities availablelavailed.
other aspect.
o) Any
to a Departmental store
4. Visit
to observe the following:
The students are required
departments and their lay out.
a) Different offered for sale.
b Nature of products
fresh arrivals.
c) Display of
d) Promotional campaigns.
advertisements.
and
e) Spaces Personnel. Added
by Sales swipe facility.
f) Assistance
counter at store Cash, Credit Card/ Debit Card,
a)Billing facilities at the counter.
attractions and customers
facilities offered to
h) Additional
other relevant aspect.
i) Any
Mall.
5. Visit to a
observe the following:
The students
are required to
and unoccupied.
Number of floors, shops occupied
a) their ownership
status
b) Nature of shops, dealt in: local brands, international brands,
goods
c) Nature ofbusiness saloons etc.
Service shops- Spas, gym,
d) owned spaces,
e) Rented spaces, promotional schemes.
Different types of
Cinema etc.
shops. zone or
g) Most visited
attractions of the
Mall- Food court, Gaming
h) Special
) Innovative facilities. to the list.
add more
facilities. Teachers may
) Parking
a Product
[Link] Two: Case Study on students
demand with which
seasonal growth and regular
a) Take product having
a
can relate. For
example, Kashmir.
Himachal Pradesh,
Apples from
Oranges from Nagpur, Pradesh etc.
Maharashtra/U.P./Bihar/Andhra

Mangoes from
Strawberries from Panchgani,
Rajasthan,
Aloe vera from
Walnuts/almonds from Kashmir,

Jackfruit from South,


Guavas from Allahabad,
Pineapples from North East India,
Tea from Assam,
Orchids from Sikkim and Meghalaya,
Pottery of Manipur,
Fishes from coastal areas.

Case Study on the following lines:


maydevelop
a
Students

For example, apples in Himachal


Research for change in price of the [Link].
Pradesh during plucking
and non plucking
on pricesS effective
in the absence of transport system.
c) Effect facilities.
in the absence of suitable warehouse
prices
i) Effect on
the warehouses.
Duties performed by
(iv) prices
and supply situation of the product during harvesting season,
v) Demand origin and away.
near the place of and selling these
be motivated to find out
the importance of producing
may Warehousing,
Students items along with the roles of Transport,
nroducts and their processed Wholesale
Co-operative
selling, Retailing,
Insurance, Packaging,
Advertising, Banking,
Co-operative marketing etc.
farming,
on similar lines for students to
develop the points for other projects
The teacher may
Work on.
different products to
give
this project as group' project and may
assign exhibition.
The teacher may conclude in the form of an
It could
groups.
different
Trade
Three: Aids to
IL. Project information on
Insurance and gathering
for example
AID TO TRADE,
Taking any one
following aspects
contribution.
Insurance Lloyd's
1. History of Mechanism.
regulatory
2. Development of India
InsuranceCompanies in
3.
the businessmen
4. Principles of
Insurance. insurance to farmers.

Insurance.
Importance of
i n s u r a n c e to
the
surrender
poultry value,
.ypes of orchards,
animal and
market value,
maturity
Benefits of crop, face value,
. used (premium, depicting people
erminologies Reference of films
value) and their meanings.
insurance.
cases of
interesting companies.
and insurance
Anecdotes
O. fraudulent acts with
committing aids to trade.
in Insurance. for other
[Link] such aspects
eachers to develop
Procedure

Import /Export
[Link] Four:
following
Any one from the
procedure
1 Import /Export
T h es t u d e
ate should identify product their city/country which is
a of
They are required red to find the details of the actual Imported lexported.
from the importexport
Chambers of Commerce, Banker, existing procedure. They may
take
help Importers/Exporters, etc.
tails
find details of the procedure and link it with their Text
Theyshould knowledge.
ments
cimens of docume collected should be pasted in the Project file with
brief
The of each. They may also visit railway godowns/dockyards/ transport agencies
d e s c r i p t i o n

may
colle pictures of the same.
nd
sentation and submission of project report.

end of the tipulated term, each student will prepare and submit his/her project
the

ort.
eaina essentials are required to be fulfilled for its preparation and submission.
Followir
project will be in a file format, consisting of the cordings of the value of
1. The total
and the graphs.
shares
will be handwritten,
2. The project
will be presented in a neat folder.
[Link] project
The Droject report will be developed in the following sequence-
n Cover page should project the title, student information, school and year.
List of contents.
Acknowledgements and preface (acknowledging the institution, the
news

channels viewed, places visited and persons who have


papers read, T.V.
helped).
O Introduction.
O Topic with suitable heading.
O Planning and activities
done during the project, if any.
the project.
Observations and findings while conducting
O News paper clippings to
reflect the changes of share prices
of study).
DConclusions (summarised suggestions or findings, future scope
O Appendix (if needed).
O Teachers report.
O Teachers will initial preface page.
evaluation of the project, it
will be punched in the
O At the completion of the available for reference only.
reused but is
centre so that the report cannot be evaluation. The school may keep the best
The projects will be returned after
projects.
your school state).
Emporium (other than
Project Five: A visit to any State
leads to0
ne purpose of this project is that it
states like
of products in the
understanding of
the diversity Arunachal Pradesh,
Evelopment of deeper Manipur, Meghalaya, Sikkim, states
Mizoram, Pradesh and other
pura, Nagaland, Telangana,
Andhra
Ja Kerala, Chhatisgarh,
Kashmir, and
ofofthnd
the country. other states,
their trade, business
about
Sern lon and orientation of students the students,
COm the state by
Commerce, socio-economic
aspects of
OUa n d i n g the cultural and
and craftsmanship of the
the understanding of role of folk art, artisanship
Developing
e c o n o m i c development
a

its growth and and natural produce in the development


of
state in role of gifts of nature
Understanding the
and commerce
of artisans/
trade,
business
vocational skills and abilities on the livelihood
the role of
n Understanding
craftsmaan
entrepreneurial skills
and of abilities the a r t i s a n s / c r a f t s m a n
and craft of
nUnderstanding of problem of the state and role of art
the unemployment
n Understanding of
employment opportunities
state in generating
the
Value aspect contributions made by others in the

of gratitude b y appreciating the


n Sense
of lives
our
betterment
the dignity of work differences Benefits of social
u Appreciating ethnical and religious
towards social, cultural,
Sensitivity
harmony and peace
in diversity in India
and appreciating the unity festivals,
D Understanding
differences in race, skin colour,
languages, religion, habits,
O Appreciating
clothing c o e x i s t e n c e

Presentation and
Submission of Project Report
and submit his/her project
the stipulated term, each student will prepare
At the end of
report
submission.
fulfilled for its preparation and
essentials are required to be
Following
1. Nature of the business
organisation (emporium)
location of the concerned emporium
2. Determinants for
3. rented or owned
Is the space
Nature of the goods dealt
in
4.
merchandise of the emporium
5. Sources of
societies in the manufacturing and/or marketing of the
6. Role of co-operative
merchandise
in the development of goods/merchandise
7. Role of gifts of nature or natural produce
8. Types of buyers and sellers of carrying bag or
dispersed, minimum quantity sold and type
9. Modes of goods
sold
package used for delivery of the products
10. Factors determining the pricing
at the emporium the prices
available at the emporium with
Comparison between the prices of goods
11. c a u s e s of variations if any.
Also highlight probable
in the open market. available naturally, used in making
the products
12. Kind of raw material in making the products i.e., hand made or machine made
13. The technique used
the products sold at the emporium
Has the child labour being used in making
14. in terms of manufacturing, disposal
and packing
15. Are the products eco-friendly,
the business of the emporium
16. Seasonal factors if any affecting
17. Weekly/ Monthly non-working days
Mode of and payments Cash,
biling
Card/ Debit Card, Swipe facility.
Creditinstallment/
18. sell its merchandise in
deferred basis payment
19. Does the emporiumhome delivery and after
sales services.
Z0. Do they provide schemes
Different types of promotional campaigns/
. Personnel
22. Assistance by Sales this emporium and procedure used
3. Export orientation of
24. Policies related to damaged/ returned goods
25. Any government facility available to the emporium
26. Warehousing façilities available / availed
27. Impact of tourism on the business of emporium
28. Additional facility offered to customers
29. Any Corporate Social Responsibility (CSR) assumed by the emporium
30. Contribution made by the emporium to its locality

ASSESSMENT

The marks will be allocated on the following heads.

2 Mark
1Initiative,cooperativeness and participation 2 2 Mark
2 Creativity in presentation
3 Content, observation and research work 4 Marks
Analysis of situations |4 Marks
5 Viva 8 Marks
Total 20 Marks

CLASS XIl: GUIDELINES FOR TEACHERS

Common questions

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Students should observe the nature and scope of the business, including the raw materials and processes used, market dynamics, and stakeholder involvement. They should note the countries to which exports are made, payment modes for workers and suppliers, modernization in processes, facilities for workers, available subsidies, and overall working conditions .

Hands-on projects like field visits and case studies enhance students' practical understanding of theoretical concepts, improve critical thinking, and develop networking skills. They offer real-world insights into business operations, encourage the application of knowledge to solve practical problems, and foster innovation by exposing students to diverse industry practices and challenges .

Co-operative societies play a crucial role in supporting state emporiums by facilitating the manufacturing and marketing processes. They help in aggregating resources, providing financial support, ensuring fair pricing, and offering a stable market for artisans. These societies also contribute to capacity building through training and the adoption of improved technologies, thereby enhancing product quality and market reach .

Visiting a whole sale market allows students to learn about the sources of merchandise, local market customs, related businesses (like transporters and packagers), and pricing strategies. Understanding these aspects sheds light on the interconnectedness of different market participants and how they collectively influence the local economy, including price fluctuations and supply chain dynamics .

The insurance sector in India has been shaped by key historical developments, including the influence of Lloyd's as a pioneer in risk management and the establishment of a regulatory framework to ensure fair practices. The introduction of companies and regulatory bodies has standardized practices, improved consumer trust, and expanded insurance coverage, offering vital support to businesses and individuals alike .

Appreciating cultural diversity is vital as it enables students to grasp the unique socio-economic factors influencing trade in different states. Recognizing diverse traditions, crafts, and consumer preferences helps in fostering a comprehensive understanding of business environments and in promoting cultural exchange and harmony .

Seasonal factors significantly affect the supply and demand dynamics of products like apples, leading to price variations. During harvest, when supply exceeds demand, prices tend to drop at the place of origin. Conversely, prices can increase in markets further away due to scarcity and higher transportation costs. Effective transport and warehousing facilities are essential to balance these fluctuations and maintain stable pricing across markets .

When analyzing import/export procedures, students must consider logistical details, compliance with international regulations, documentation, customs duties, the role of financial institutions, and market dynamics. Additionally, understanding the impact of tariffs, supply chain intricacies, and the importance of strategic partnerships with importers/exporters is crucial for a comprehensive analysis .

Departmental stores typically use focused promotional campaigns and strategic space layouts to target specific consumer needs, while malls employ broad-based advertising and diverse space utilization to attract a varied demographic. These differences influence consumer behavior by dictating shopping convenience, expenditure patterns, and brand perception. Effective use of space and promotions can enhance customer engagement and increase sales .

The determinants for the location of a business unit, such as access to raw materials, proximity to markets, availability of labor, and infrastructure, can significantly affect production efficiency, cost management, and ultimately the success of an industrial enterprise. The strategic location helps in reducing transportation costs, improving supply chain efficiency, and enhancing responsiveness to market demands .

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