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Business Studies Project Guidelines

class 11 bst project

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

Business Studies Project Guidelines

class 11 bst project

Uploaded by

shlokareddyk3699
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

DELHI PUBLIC SCHOOL , NACHARAM

GRADE 11
SUB : BUSINESS STUDIES
PROJECT WORK DETAILS
I. Project One: 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 to a 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.
2. The teacher must visit the place first and check out on logistics. It’s better to seek
permission from the concerned business- incharge.
3. Visit to be discussed with the students in advance. They should be encouraged to prepare a
worksheet containing points of observation and reporting.
4. Students may carry their cameras (at their own risk) with prior permission for collecting
evidence of their observations.
1. Visit to a Handicraft Unit
The purpose of visiting a Handicraft unit is to understand nature and scope of its business,
stake holders involved and other aspects as outlined below
a) The raw material and the processes used in the business: People /parties/firms from which
they obtain their raw material.
b) The market, the buyers, the middlemen, and the areas covered.
c) The countries to which exports are made.
d) Mode of payment to workers, suppliers etc.
e) Working conditions.
f) Modernization of the process over a period of time.
g) Facilities, security and training for the staff and workers.
h) Subsidies available/ availed.
i) Any other aspect that the teachers deem fit.
2. Visit to an Industry.
The students are required to observe the following:
a) Nature of the business organisation.
b) Determinants for location of business unit.
c) Form of business enterprise: Sole Proprietorship, Partnership, Undivided Hindu Family,
Joint Stock Company (a Multinational Company).
d) Different stages of production/process
e) Auxiliaries involved in the process.
f) Workers employed, method of wage payment, training programmes and facilities available.
g) Social responsibilities discharged towards workers, investors, society, environment and
government.
h) Levels of management.
i) Code of conduct for employers and employees.
j) Capital structure employed- borrowed v/s owned.
k) Quality control, recycling of defective goods.
l) Subsidies available/availed.
m) Safety Measures employed.
n) Working conditions for labour in observation of Labour Laws.
o) Storage of raw material and finished goods.
p) Transport management for employees, raw material and finished goods.
q) Functioning of various departments and coordination among them (Production, Human
Resource, Finance and Marketing)
r) Waste Management.
s) Any other observation.
3. Visit to a whole sale market: vegetables/fruits/flowers/grains/garments etc.
The students are required to observe the following:
a) Sources of merchandise.
b) Local market practices.
c) Any linked up businesses like transporters, packagers, money lenders, agents, etc.
d) Nature of the goods dealt in.
e) Types of buyers and sellers.
f) Mode of the goods dispersed, minimum quantity sold, types of packaging employed.
g) Factors determining the price fluctuations.
h) Seasonal factors (if any) affecting the business.
i) Weekly/ monthly non-working days.
j) Strikes, if any- causes thereof.
k) Mode of payments.
l) Wastage and disposal of dead stock.
m) Nature of price fluctuations, reason thereof.
n) Warehousing facilities available\availed.
o) Any other aspect.
4. Visit to a Departmental store
The students are required to observe the following:
a) Different departments and their lay out.
b) Nature of products offered for sale.
c) Display of fresh arrivals.
d) Promotional campaigns.
e) Spaces and advertisements.
f) Assistance by Sales Personnel.
g) Billing counter at store – Cash, Credit Card/ Debit Card, swipe facility. Added attractions
and facilities at the counter.
h) Additional facilities offered to customers
i) Any other relevant aspect.
5. Visit to a Mall.
The students are required to observe the following:
a) Number of floors, shops occupied and unoccupied.
b) Nature of shops, their ownership status
c) Nature of goods dealt in: local brands, international brands,
d) Service business shops- Spas, gym, saloons etc.
e) Rented spaces, owned spaces,
f) Different types of promotional schemes.
g) Most visited shops.
h) Special attractions of the Mall- Food court, Gaming zone or Cinema etc.
i) Innovative facilities.
j) Parking facilities.
Teachers may add more to the list.
II. Project Two: Case Study on a Product
a) Take a product having seasonal growth and regular demand with which students can
relate. For example, • Apples from Himachal Pradesh, Kashmir. • Oranges from
Nagpur, • Mangoes from Maharashtra/U.P./Bihar/Andhra Pradesh etc. • Strawberries
from Panchgani, • Aloe vera from Rajasthan, • 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. Students may develop a Case Study on the following lines:
(i) Research for change in price of the product. For example, apples in Himachal
Pradesh during plucking and non plucking season.

(ii) Effect on prices in the absence of effective transport system.


(iii) Effect on prices in the absence of suitable warehouse facilities.
(iv) Duties performed by the warehouses.
(v) Demand and supply situation of the product during harvesting season, prices near
the place of origin and away. Students may be motivated to find out the importance of
producing and selling these products and their processed items along with the roles of
Transport, Warehousing, Advertising, Banking, Insurance, Packaging, Wholesale
selling, Retailing, Co-operative farming, Co-operative marketing etc. The teacher may
develop the points for other projects on similar lines for students to work on. The
teacher may assign this project as ‘group’ project and may give different products to
different groups. It could conclude in the form of an exhibition.

III. Project Three: Aids to Trade

Taking any one AID TO TRADE, for example Insurance and gathering information
on following aspects
1. History of Insurance Lloyd’s contribution.
2. Development of regulatory Mechanism.
3. Insurance Companies in India
4. Principles of Insurance.
5. Types of Insurance. Importance of insurance to the businessmen.
6. Benefits of crop, orchards, animal and poultry insurance to the farmers.
7. Terminologies used (premium, face value, market value, maturity value, surrender
value) and their meanings.
8. Anecdotes and interesting cases of insurance. Reference of films depicting people
committing fraudulent acts with insurance companies.
9. Careers in Insurance.
Teachers to develop such aspects for other aids to trade.

IV. Project Four: Import /Export Procedure

Any one from the following 1. Import /Export procedure The students should identify
a product of their city/country which is imported /exported. They are required to find
the details of the actual import/export procedure. They may take help from the
Chambers of Commerce, Banker, existing Importers/Exporters, etc. They should find
details of the procedure and link it with their Text knowledge. The specimens of
documents collected should be pasted in the Project file with brief description of each.
They may also visit railway godowns/dockyards/ transport agencies and may collect
pictures of the same.

Presentation and submission of project report.


At the end of the stipulated term, each student will prepare and submit his/her project
report. Following essentials are required to be fulfilled for its preparation and
submission.
1. The total project will be in a file format, consisting of the recordings of the value of
shares and the graphs.
2. The project will be handwritten.
3. The project will be presented in a neat folder.
4. The project report will be developed in the following sequence

Cover page should project the title, student information, school and year.
List of contents.
Acknowledgements and preface (acknowledging the institution, the news papers read,
T.V. channels viewed, places visited and persons who have helped).
Introduction. Topic with suitable heading. Planning and activities done during the
project, if any.
Observations and findings while conducting the project. News paper clippings to
reflect the changes of share prices.
Conclusions (summarised suggestions or findings, future scope of study).
Appendix (if needed).
Teachers report. Teachers will initial preface page.
At the completion of the evaluation of the project, it will be punched in the centre so
that the report cannot be reused but is available for reference only.
The projects will be returned after evaluation. The school may keep the best projects.

V. Project Five: A visit to any State Emporium (other than your school state).

The purpose of this project is that it leads to - Development of deeper understanding


of the diversity of products in the states like Assam, Tripura, Nagaland, Mizoram,
Manipur, Meghalaya, Sikkim, Arunachal Pradesh, Jammu and Kashmir, Kerala,
Chhatisgarh, Telangana, Andhra Pradesh and other states of the country. Sensitization
and orientation of students about other states, their trade, business and commerce,
Understanding the cultural and socio-economic aspects of the state by the students,
Developing the understanding of role of folk art, artisanship and craftsmanship of the
state in its growth and economic development

Understanding the role of gifts of nature and natural produce in the development of
trade, business and commerce

Understanding the role of vocational skills and abilities on the livelihood of artisans/
craftsman Understanding of entrepreneurial skills and abilities of the
artisans/craftsman
Understanding of the unemployment problem of the state and role of art and craft of
the state in generating employment opportunities

Value aspect - Sense of gratitude - by appreciating the contributions made by others in


the betterment of our lives

Appreciating the dignity of work Sensitivity towards social, cultural, ethnical and
religious differences Benefits of social harmony and peace

Understanding and appreciating the unity in diversity in India

Appreciating differences in race, skin colour, languages, religion, habits, festivals,


clothing coexistence

Presentation and Submission of Project Report

At the end of the stipulated term, each student will prepare and submit his/her project
report. Following essentials are required to be fulfilled for its preparation and
submission.
1. Nature of the business organisation (emporium)
2. Determinants for location of the concerned emporium
3. Is the space rented or owned
4. Nature of the goods dealt in
5. Sources of merchandise of the emporium
6. Role of co-operative societies in the manufacturing and/or marketing of the
merchandise
7. Role of gifts of nature or natural produce in the development of goods/merchandise
8. Types of buyers and sellers
9. Modes of goods dispersed, minimum quantity sold and type of carrying bag or
package used for delivery of the products sold
10. Factors determining the pricing at the emporium
11. Comparison between the prices of goods available at the emporium with the prices
in the open market. Also highlight probable causes of variations if any.
12. Kind of raw material available naturally, used in making the products
13. The technique used in making the products i.e., hand made or machine made
14. Has the child labour being used in making the products sold at the emporium
15. Are the products eco-friendly, in terms of manufacturing, disposal and packing
16. Seasonal factors if any affecting the business of the emporium
17. Weekly/ Monthly non-working days
18. Mode of billing and payments - Cash, Credit Card/ Debit Card, Swipe facility.
19. Does the emporium sell its merchandise in installment / deferred payment basis
20. Do they provide home delivery and after sales services.
21. Different types of promotional campaigns / schemes
22. Assistance by Sales Personnel
23. Export orientation of this emporium and procedure used
24. Policies related to damaged/ returned goods
25. Any government facility available to the emporium
26. Warehousing facilities 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.
1. Initiative, cooperativeness and participation 2 Mark
2 .Creativity in presentation 2 Mark
3 .Content, observation and research work 4 Marks
4 .Analysis of situations 4 Marks
5. Viva 8 Marks

Total 20 Marks

Common questions

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A visit to a Handicraft unit offers practical insights into business operations such as sourcing of raw materials, market dynamics, middleman interactions, export strategies, worker payment systems, modernization efforts, staff training, and subsidy utilization. These real-world observations allow students to relate theoretical business knowledge to practical applications, understanding the nuances of operational, financial, and marketing strategies that are not usually detailed in textbooks .

A visit to a state emporium enriches students' cultural and economic awareness by exposing them to the diversity of regional products, the interplay between traditional crafts and modern commerce, and the socio-economic factors influencing trade. Observing how natural resources and artisanal skills contribute to the economy enhances understanding of cultural heritage's role in fostering economic development and employment opportunities .

Students are encouraged to observe various components during a field visit to an industry, which includes the nature of the business organization, determinants for the location, forms of business enterprise, stages of production, auxiliaries involved, employment structure, wage payment methods, worker facilities, management levels, capital structure, quality control, safety measures, and department coordination. They should also assess social responsibilities, code of conduct, and waste management practices .

Conducting a project on trade aids educates students about fundamental business functions such as insurance, transportation, banking, and advertising, essential for facilitating trade. Understanding these aids prepares students for future economic roles by developing their insights into risk management, logistical operations, financial planning, and marketing strategies, thereby equipping them with a holistic view of business operations crucial for future economic engagements .

Students visiting a wholesale market should focus on sources of merchandise, local market practices, linked businesses like transporters, nature of goods, types of buyers and sellers, modes of dispersing goods, pricing factors, seasonal effects, and warehousing facilities. Observing these areas helps students understand market dynamics, economic influences on pricing, and logistical operations within wholesale trading .

Investigating import/export procedures deepens students' practical business knowledge by revealing the complexities of international trade, including documentation, regulatory compliance, logistical challenges, and economic factors influencing trade. By linking these processes to textbook knowledge, students gain a comprehensive understanding of global market dynamics, supply chain intricacies, and the strategic considerations essential for successful trade .

By visiting a mall, students can gain insights into consumer behavior by observing the foot traffic in various stores, the appeal of promotional schemes, and the popularity of different services within the mall. Business strategies become evident through shop layouts, ownership styles, the variety of brands offered, innovative facilities, and the use of space for different types of attractions like food courts and cinemas. These observations help students understand the interplay between consumer preferences and retail strategies .

A case study on a seasonal product can enhance students' comprehension of market dynamics by examining price fluctuations during different seasons, the impact of supply chain factors such as transport and warehousing on pricing, and the balance of demand and supply near the origin and in distant markets. This process encourages a deeper understanding of economic principles like elasticity, supply chain management, and the importance of infrastructure in market efficiency .

The prescribed format for project report submission, including a cover page, list of contents, acknowledgments, observations, findings, and conclusions, aids in developing students' organizational skills by providing a structured framework to record and analyze data systematically. It emphasizes meticulous documentation, critical analysis, and clear presentation, honing students' ability to synthesize information and communicate their insights effectively .

Analyzing aids to trade, particularly insurance, enhances students' understanding of business risk management by elucidating principles of risk transfer, regulatory mechanisms, and the varying types of insurance available. It further expands their knowledge through exploring case studies of its application in mitigating agricultural and business risks, understanding insurance terminologies, and evaluating its significance in ensuring business continuity and stability .

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