Class 11 OCM (Organisation of Commerce and Management) Notes

All 8 chapters

• Chapter 1: Introduction of Commerce and Business
  Human activities are economic or non-economic. Economic activities (business, profession, employment) are done to earn money; non-economic ones...
• Chapter 2: Trade
  Trade is the buying and selling of goods and services for profit, linking producers and consumers. It is classified as internal trade and external...
• Chapter 3: Small Scale Industry and Business
  Small scale industries produce goods or services on a small or micro scale. They suit developing countries like India that have less capital and more...
• Chapter 4: Forms of Business Organisation - I (Private Sector)
  Private sector organisations are owned and managed by individuals or groups to earn profit. The main forms are sole proprietorship, partnership...
• Chapter 5: Forms of Business Organisation - II (Public Sector)
  Public sector organisations are owned, financed, managed and controlled by the government. India follows a mixed economy where private and public...
• Chapter 6: Institutes Supporting Business
  Finance is the lifeblood of business. Various financial institutions and groups help small and micro businesses raise money and grow.
• Chapter 7: Business Environment
  A business does not work in isolation. It functions within an environment of factors that create opportunities and threats, and its success depends...
• Chapter 8: Introduction to Management
  Management means using resources effectively to achieve objectives. Just as a family balances income, expenses and savings by planning and reviewing...