CUET Business Studies 2024

Business Studies for CUET
The NTA is responsible for the CUET (UG), which features several domain-specific subjects, including Business Studies that has captured the attention of many motivated students. To optimise their chances of success, applicants should review the comprehensive Business Studies syllabus and create a targeted preparation plan. Limited time is available to familiarize yourself with the CUET Business Studies syllabus, hence ample preparation is necessary.
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CUET Business Studies Syllabus
The detailed syllabus of business studies for CUET is explained in the below table.
Topics
Units
Sub-Units
Functions and Principles of Management
Significance and nature of management.
• Management – objectives, concept, significance. • Nature of management; Management as Science, Profession, Art. • Management Levels  – top, middle supervisory (First level). • Management functions –staffing, planning, organizing,  controlling and directing. • Coordination –nature and significance.
 
2. Principles of Management
• Principles of Management –nature, meaning, and significance. • Taylor's Scientific Management – Principles and Techniques. • Fayol's principles of management.
 
3. Business Environment
• Business Environment – meaning and importance. • Economic Environment in India; effect of Government policy updates on business and industry, with special reference to the adoption of the policies of privatization, liberalization, and globalization. • Dimensions of Business Environment –Social, Economic, Technological, Political, and Legal.
 
4. Planning
• Meaning, importance, features, limitations. • Types of Plans –Strategy, Objectives, Policy, Procedure, Rule, Method, Budget, Programme. • Planning process.
 
5. Organizing
• process of organizing and its steps. • organizational structure–divisional and functional. • Informal and formal organization. • Delegation: meaning elements and importance. • Decentralization: importance and meaning. • Difference between decentralization and delegation.
 
6. Staffing
• Meaning, significance and need of staffing. • Staffing as Human Resources Management. • Staffing process steps. • Recruitment – sources and meaning. • Selection – process and meaning. • Training and Development –need, meaning, methods –training strategies.
 
7. Directing
• Meaning, principles and importance. • Maslow's hierarchy of needs, supervision's significance, and financial and non-financial incentives are among the elements of direction. Leadership: what it is, significance, and what makes a strong leader. - Meaning and value of communication; formal and informal communication; obstacles to good communication.
 
8. Controlling
• Meaning and importance. • Planning and controlling relationship. • Process of controlling steps. • Controlling techniques.
Business finance and marketing
1. Business Finance
• Business finance – Objectives of financial management, meaning, role • Financial planning –importance and meaning. • Capital Structure –factors. • Fixed and Working Capital –factors impacting their needs and its meaning.
 
2. Financial Markets
• Financial market concepts: Money Market – nature instruments; • Capital market: types and nature– primary and secondary market. • Capital market and money market difference. • Stock Exchange – meaning, functions, NSEI, OCTEI, Trading Procedure. • Objectives and functions of  Securities and Exchange Board of India (SEBI)
 
3. Marketing
• Marketing – meaning, functions, role. • The difference between selling and marketing. • Marketing mix – concept and elements: – Product – nature, classification, branding, labelling, and packaging – Physical distribution: meaning, role; Channels of distribution –types, meaning, and factors, determining the choice of channels. – Promotion – Role of personal selling and advertising; objections to Advertising. – Price: factors impacting pricing.
 
4. Consumer Protection
• Importance of consumer protection. • Consumer rights. • Consumer responsibilities. • Ways and means of consumer protection – Consumer awareness and legal redressal with special reference to the Consumer Protection Act. • Role of consumer organizations and NGOs.
 
5. Entrepreneurship Development
• Concept, Functions, and Need. • Entrepreneurship Characteristics and Competencies. • Process of Entrepreneurship Development. • Entrepreneurial Values, Attitudes, and Motivation – Meaning and Concept.
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How should I prepare ready for the CUET in business studies?
After going over the CUET's Business Studies syllabus in great depth, let's move on to a crucial part of the preparation process.
Starting again and getting ready for Business Studies for CUET is still possible. Given that it is a centralized exam, there will likely be fierce rivalry. Your chances of passing the CUET with Business Studies would undoubtedly enhance with careful preparation using the methods listed below.
Examine the course syllabus in detail: The two topics in CUET's business studies syllabus are broken down into 13 units, each of which is then subdivided into smaller sections. There is always a possibility that one will forget or overlook some material, given the length of the syllabus. It is crucial that you thoroughly read over the syllabus before beginning your preparation for the CUET's business studies section.
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Determine your advantages and disadvantages: After reading the syllabus, that should be the next step. You can organize your preparation routine more logically and efficiently by assessing your strengths and shortcomings.
Effective time management: Time management is a crucial component of success. Each and every item must be given the appropriate amount of time. This will guarantee that you properly and promptly cover the entire syllabus.
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