{"id":9994,"date":"2018-02-15T10:23:24","date_gmt":"2018-02-15T04:53:24","guid":{"rendered":"http:\/\/mycbseguide.com\/blog\/?p=9994"},"modified":"2018-02-19T15:24:16","modified_gmt":"2018-02-19T09:54:16","slug":"small-business-class-11-notes-business-studies","status":"publish","type":"post","link":"https:\/\/mycbseguide.com\/blog\/small-business-class-11-notes-business-studies\/","title":{"rendered":"Small Business class 11 Notes Business Studies"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_76 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/mycbseguide.com\/blog\/small-business-class-11-notes-business-studies\/#CBSE_Guide_Small_Business_class_11_Notes_Business_Studies\" >CBSE Guide\u00a0 Small Business class 11 Notes Business Studies<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/mycbseguide.com\/blog\/small-business-class-11-notes-business-studies\/#_Small_Business_class_11_Notes_Business_Studies\" >\u00a0Small Business class 11 Notes Business Studies<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/mycbseguide.com\/blog\/small-business-class-11-notes-business-studies\/#Download_Revision_Notes_as_PDF\" >Download Revision Notes as PDF<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/mycbseguide.com\/blog\/small-business-class-11-notes-business-studies\/#Small_Business_class_11_Notes\" >Small Business class 11 Notes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/mycbseguide.com\/blog\/small-business-class-11-notes-business-studies\/#CBSE_Class-11_Revision_Notes_and_Key_Points\" >CBSE Class-11 Revision Notes and Key Points<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>CBSE Business Studies Chapter 8 \u00a0Small Business class 11 Notes Business Studies in PDF are available for free download in myCBSEguide mobile app. The best app for CBSE students now provides \u00a0Small Business class 11 Notes Business Studies latest chapter wise notes for quick preparation of CBSE exams and school based annual examinations. Class 11 Business Studies notes on Chapter 8 \u00a0Small Business class 11 Notes Business Studies are also available for download in CBSE Guide website.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"CBSE_Guide_Small_Business_class_11_Notes_Business_Studies\"><\/span><strong>CBSE Guide\u00a0 Small Business class 11 Notes Business Studies<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>CBSE guide notes are the comprehensive notes which covers the latest syllabus of CBSE and NCERT. It includes all the topics given in NCERT class 11 Business Studies text book. Users can download CBSE guide quick revision notes from myCBSEguide mobile app and my CBSE guide website.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"_Small_Business_class_11_Notes_Business_Studies\"><\/span><strong>\u00a0Small Business class 11 Notes Business Studies<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Download CBSE class 11th revision notes for Chapter 8 \u00a0Small Business class 11 Notes Business Studies in PDF format for free. Download revision notes for \u00a0Small Business class 11 Notes Business Studies and score high in exams. These are the \u00a0Small Business class 11 Notes Business Studies prepared by team of expert teachers. The revision notes help you revise the whole chapter in minutes. Revising notes in exam days is on of the best tips recommended by teachers during exam days.<\/p>\n<h1 style=\"text-align: center\"><span class=\"ez-toc-section\" id=\"Download_Revision_Notes_as_PDF\"><\/span><a href=\"https:\/\/mycbseguide.com\/downloads\/cbse-class-11-business-studies\/1740\/cbse-revision-notes\/7\/\"><strong>Download Revision Notes as PDF<\/strong><\/a><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p style=\"text-align: center\"><strong>CBSE Class 11 Business Studies<br \/>\nRevision Notes<br \/>\nCHAPTER 8<br \/>\nSmall Business class 11 Notes Business Studies<\/strong><\/p>\n<div>\n<p>A business which operates on a small scale and required less capital, less labour and less machines is called small business. The goods are produces on a small scale. This business is operated and managed by the owner of the business. In India, the village and small Industries sector consists of both traditional Handlooms, Handicrafts, khadi and Village Industries. Modern small Industries &#8211; Small scale industries and Power looms.<\/p>\n<p>According to The Micro,Small and Medium Enterprise Development (MSMED) Act, 2006, a small scale enterprise defined as one where the investment in Plant and Machinery is more than Rs. 25 lakhs\u00a0but does not exceed Rs. 5 crore.<\/p>\n<p>Several parameters can be used to measure the size of business. These include<\/p>\n<ul>\n<li>the number of persons employed in business,<\/li>\n<li>Capital invested in business,<\/li>\n<li>Volume of output of business and<\/li>\n<li>power consumed for business activities.<\/li>\n<\/ul>\n<p>The definition used by the Government of India to describe small Industries is based on the investment in plant and machinery. It can be divided as follows:<\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td>Category<\/td>\n<td>Manufacturing\u00a0Unit<\/td>\n<td>Service Providers<\/td>\n<\/tr>\n<tr>\n<td>Micro Enterprise<\/td>\n<td>Less than Rs. 25 Lakhs<\/td>\n<td>Less than Rs. 10 Lakhs<\/td>\n<\/tr>\n<tr>\n<td>Small Enterprise<\/td>\n<td>Between Rs. 25 Lakhs to Rs. 5 Crore<\/td>\n<td>Between Rs. 10 Lakhs to Rs. 2 Crore<\/td>\n<\/tr>\n<tr>\n<td>Medium Enterprise<\/td>\n<td>Between Rs. 5 Crore to Rs. 10 Crore<\/td>\n<td>Between Rs. 2 Crore to Rs. 5 Crore<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<hr \/>\n<p><strong>\u00a0ROLE OF SMALL SCALE INDUSTRIES IN SOCIO ECONOMIC DEVELOPMENT OF INDIA <\/strong><\/p>\n<p><strong>1. Employment:<\/strong> Small scale Industries are second largest employers of human resources after Agriculture. It has 95% of the industrial unit in the country. These enterprises are labour intensive and labour is available in abundants amount is rural areas of India.<\/p>\n<p><strong>2. Variety of product:<\/strong> Small scale Industries produce an enormous Variety of goods e.g. readymade garments, stationery, soaps, Leather\u2019s goods Plastic and rubber goods.<\/p>\n<p><strong>3. Export:<\/strong> The share of product from SSI is 45% of total export from India. So it earn valuable foreign exchange and solve the problem of balance of payment.<\/p>\n<p><strong>4. Balance regional development:<\/strong> SSI can be set anywhere in the country. They use local resources, less capital and simple technology.<\/p>\n<p><strong>5. Complementary to large scale Industries: <\/strong>SSI. supply various types of components, spare parts, tools etc, which are required by large scale enterprises.<\/p>\n<p><strong>6. Low cost of production:<\/strong> SSI\u00a0also enjoy the advantage of low cost of production because they used local resources in their product.<\/p>\n<p><strong>7. Quick and timely decision<\/strong> Due to the small size of the organization quick and timely decisions can be taken without consulting many people.<\/p>\n<p><strong>8. Development of entrepreneurship<\/strong>: SSI\u00a0provide opportunity of young men and women to start their own business.<\/p>\n<hr \/>\n<p><strong>ROLE OF SMALL BUSINESS IN RURAL INDIA<\/strong><\/p>\n<p><strong>1. Provides Employment in Rural Areas:<\/strong> Cottage and rural industries provide employment opportunities in the rural areas as these are labour oriented enterprises. In Indian rural areas ample labour is available.<\/p>\n<p><strong>2. Improve Economic Condition:<\/strong> Small business provide multiple source of income to the rural households. SSI\u00a0improves economic conditions and standard of living of people living in those Areas.<\/p>\n<p><strong>3. Prevent migration<\/strong>: Development of rural and village industries can also prevent migration of the rural population to urban areas in search of employment.<\/p>\n<p><strong>4. Utilisation of Local Resources:<\/strong> SSI\u00a0use local resources e.g. coir, wood and other products.<\/p>\n<p><strong>5. Equitable distribution of rational Income:<\/strong> Small Scale Industries and cottage Industries ensure equitable distribution of national income. This helps to reduce the gap between rich and the poor in the country.<\/p>\n<p><strong>6. Balanced Regional development &#8211;<\/strong> These enterprises are often dependent on local source of production. This way, industries do not just limit themselves to a particular place but diversify. This helps in balanced regional development.<\/p>\n<hr \/>\n<p><strong>Problem of Small Scale Industries:<\/strong><\/p>\n<p>1. <strong>Finance: <\/strong>Non-availability of sufficient funds in order to carry out business operations is an important problem faced by small scale industries. Bank sit at to grant financial help to these units.<\/p>\n<p>2. <strong>Raw Material &amp; Power: <\/strong>Small scale units are unable to buy raw materials in bulk due to lack of funds and storage facilities. Shortage of power is another factor which leads to under utilization of plant capacity.<\/p>\n<p>3. <strong>Marketing: <\/strong>Small scale units generally face difficulties in marketing of their products and services as they are hardly any funds for Advertising or sales promotion. They depend on intermediaries who exploit them.<\/p>\n<p>4. <strong>Technology:<\/strong> Majority of small scale enterprises are using old techniques of production because they cannot afford new techniques, machines and equipment\u00a0necessary for modernising product. As a result, their cost of production increases.<\/p>\n<p>5. <strong>Competition<\/strong>: Small scale firms face competitions not only from large industries but also from multinational companies.<\/p>\n<p>6.<strong> Other problems<\/strong>:<br \/>\n\u2022 Lack of Managerial Efficiency.<br \/>\n\u2022 Lack of Demand of Produced Goods.<br \/>\n\u2022 Labour Problems.<br \/>\n\u2022 Burden of Local Taxes.<br \/>\n\u2022 Poor Product Quality.<\/p>\n<hr \/>\n<p><strong>GOVERNMENT ASSISTANCE TO SMALL INDUSTRIES AND SMALL BUSINESS UNITS<\/strong><\/p>\n<p><strong>(A). INSTITUTIONAL SUPPORT:<\/strong><\/p>\n<p><strong>I. National Small Industries Corporation (NSIC)<\/strong><\/p>\n<p>This was set up in 1955 to promote, aid and foster the growth of small scale units in India. Main constraint faced by entrepreneurs is shortage of funds to purchase machinery and equipment. Non availability of finance, deprives many new entrepreneurs from availing opportunities. NSIC was established to cater to this need of entrepreneur.<\/p>\n<hr \/>\n<p><strong>Main functions of NSIC:<\/strong><\/p>\n<p>1. It supplies imported machines and raw materials to small industries on easy hire-purchase schemes.<br \/>\n2. It export the products of small units.<br \/>\n3. It provides technology to Small Scale Industries.<br \/>\n4. Helps in up gradation to technology.<br \/>\n5. Provides in up gradation of technology<br \/>\n6. Provides various equipment on lease basis.<br \/>\n7. Undertakes construction of industrial estates.<\/p>\n<hr \/>\n<p><strong>II. District Industries Center (DIC)<\/strong><\/p>\n<p>The concept of DIC came during 1977, when Government of India announced the new Industrial policy on 23rd Dec, 1977. The main objective of DICs is to make available all necessary services at one place. The finance for setting up DICs in a state are contributed equally by particular state Govt. and Central Govt.<\/p>\n<p><strong>Functions of District Industries Center<\/strong><\/p>\n<p>1. Act as the focal point of industrialization of the district<br \/>\n2. Identifies projects for setting up of SSI units.<br \/>\n3. Issues permanent registration certificate to SSI units.<br \/>\n4. Provides marketing support to SSI units<br \/>\n5. Act as a link between the entrepreneurs and the lead bank of district.<br \/>\n6. Helps businessman in obtaining license from Electricity board, water supply board etc.<\/p>\n<p><strong>Govt. Incentives to hilly backward and Rural Areas<\/strong><\/p>\n<p>1. <strong>Power: <\/strong>Some states supply power at a confessional rate of 50%.<\/p>\n<p>2. <strong>Tax holidays: <\/strong>Exemption from payment of tax for 5 years.<\/p>\n<p>3. <strong>Land and Water: <\/strong>Availability of land at confessional rate. Water is supplied on no profit no loss basis.<\/p>\n<p>4. <strong>Octroi: <\/strong>Most of the states have abolished octroi.<\/p>\n<p>5. <strong>Protective Measures: <\/strong>The government reserved 800 items for exclusive production by the small scale Industries and give priority in allocation of raw materials and machines.<\/p>\n<p>6. <strong>Marketing Assistance: \u00a0<\/strong>Government tries to solve their marketing problem by improving information and in order to provide guarantee for sale of goods.<\/p>\n<p>7. <strong>Finance: <\/strong>Subsidy of 10-15% for building capital asset. Loans are offer data confessional rates.<\/p>\n<p>8. <strong>Sales Tax: <\/strong>In all Union Territories, small industries are exempted from sales tax while some states give exemption of 5 years.<\/p>\n<p><strong>III. National Bank for Agriculture and Rural Development (NABARD)<br \/>\nIV. The Rural Small Business Development Centre (RSBDC)<br \/>\nV. Small Industries Development Bank of India (SIDBI)<br \/>\nVI. The National Commission for Enterprises in the Unorganised Sector (NCEUS)<br \/>\nVII. Rural and women Enterpreneurship Development (RWED)<br \/>\nVIII. World Association for Small and Medium Enterprise(WASME)<br \/>\nIX. Scheme of Fund for Re-generation of Traditional Industries (SFURTI)<\/strong><\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Small_Business_class_11_Notes\"><\/span>Small Business class 11 Notes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>CBSE Revision notes (PDF Download) Free<\/li>\n<li>CBSE Revision notes for Class 11 Business Studies PDF<\/li>\n<li>CBSE Revision notes Class 11 Business Studies \u2013 CBSE<\/li>\n<li>CBSE Revisions notes and Key Points Class 11 Business Studies<\/li>\n<li>Summary of the NCERT books all chapters in Business Studies class 11<\/li>\n<li>Short notes for CBSE class 11th Business Studies<\/li>\n<li>Key notes and chapter summary of Business Studies class 11<\/li>\n<li>Quick revision notes for CBSE exams<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"CBSE_Class-11_Revision_Notes_and_Key_Points\"><\/span><strong>CBSE Class-11 Revision Notes and Key Points<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Small Business class 11 Notes Business Studies. CBSE quick revision note for class-11 Mathematics, Physics, Chemistry, Biology and other subject are very helpful to revise the whole syllabus during exam days. The revision notes covers all important formulas and concepts given in the chapter. Even if you wish to have an overview of a chapter, quick revision notes are here to do if for you. These notes will certainly save your time during stressful exam days.<\/p>\n<ul>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-11-physics\/1340\/cbse-revision-notes\/7\/\">Revision Notes for class-11 Physics<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-11-chemistry\/1356\/cbse-revision-notes\/7\/\">Revision Notes for class-11 Chemistry<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-11-mathematics\/1371\/cbse-revision-notes\/7\/\">Revision Notes for class-11 Mathematics<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-11-biology\/1388\/cbse-revision-notes\/7\/\">Revision Notes for class-11 Biology<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-11-accountancy\/1411\/cbse-revision-notes\/7\/\">Revision Notes for class-11 Accountancy<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-11-economics\/1423\/cbse-revision-notes\/7\/\">Revision Notes for class-11 Economics<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-11-business-studies\/1740\/cbse-revision-notes\/7\/\">Revision Notes for class-11 Business Studies<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-11-computer-science\/1852\/cbse-revision-notes\/7\/\">Revision Notes for class-11 Computer Science<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-11-informatics-practices\/1874\/cbse-revision-notes\/7\/\">Revision Notes for class-11 Informatics Practices<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-11-geography\/1864\/cbse-revision-notes\/7\/\">Revision Notes for class-11 Geography<\/a><\/li>\n<\/ul>\n<p>To download \u00a0Small Business class 11 Notes, sample paper for class 11 Chemistry, Physics, Biology, History, Political Science, Economics, Geography, Computer Science, Home Science, Accountancy, Business Studies and Home Science; do check myCBSEguide app or website. myCBSEguide provides sample papers with solution, test papers for chapter-wise practice, NCERT solutions, NCERT Exemplar solutions, quick revision notes for ready reference, CBSE guess papers and CBSE important question papers. Sample Paper all are made available through\u00a0<a href=\"https:\/\/play.google.com\/store\/apps\/details?id=in.techchefs.MyCBSEGuide&amp;referrer=utm_source%3Dmycbse_bottom%26utm_medium%3Dtext%26utm_campaign%3Dmycbseads\"><strong>the best app for CBSE students<\/strong><\/a>\u00a0and myCBSEguide website.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CBSE Business Studies Chapter 8 \u00a0Small Business class 11 Notes Business Studies in PDF are available for free download in myCBSEguide mobile app. The best app for CBSE students now provides \u00a0Small Business class 11 Notes Business Studies latest chapter wise notes for quick preparation of CBSE exams and school based annual examinations. Class 11 &#8230; <a title=\"Small Business class 11 Notes Business Studies\" class=\"read-more\" href=\"https:\/\/mycbseguide.com\/blog\/small-business-class-11-notes-business-studies\/\" aria-label=\"More on Small Business class 11 Notes Business Studies\">Read more<\/a><\/p>\n","protected":false},"author":2,"featured_media":9955,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47,456],"tags":[324,457,150,426,240,789],"class_list":["post-9994","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cbse-class-11","category-revision-notes","tag-business-studies","tag-cbse-notes","tag-cbse-notes-and-key-points","tag-quick-revision","tag-quick-revision-notes","tag-small-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Small Business class 11 Notes Business Studies | myCBSEguide<\/title>\n<meta name=\"description\" content=\"Small Business class 11 Notes Business Studies Chapter 8 in PDF format for free download. 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