Revision Notes for CBSE Class 11 Business Studies Chapter 9 - Free PDF Download
Studying can become difficult if we do not have the right kind of study material or guidance. This is why it is important that students choose the Business Studies class 11 notes chapter 9 from a reliable source that will help them not only in the exam but will also be helpful in their future. This chapter deals with various kinds of small businesses in India, their impact, government initiatives, benefits, and limitations of small businesses. After a considerable amount of research conducted by professionals, the Business Studies class 11 notes chapter 9 has been prepared.
FAQs on Small Business Class 11 Notes CBSE Business Studies Chapter 9 [Free PDF Download]
1. How small businesses can do marketing?
Class 11 business ch 9 notes explain why marketing is important even for a small business. Yes, there are challenges like the existence of middlemen and fund constraints for building up infrastructure but technology makes it possible for them to stay ahead of the competition in their own sector. They can resort to social media marketing and a host of other digital marketing techniques to stay cost-effective yet marketing savvy.
2. What are the kinds of government assistance given to small businesses?
Various kinds of government assistance are given to a small business in the form of institutional support, incentives, marketing assistant scheme, and marketing support to MSME. All of these are mentioned in class 11 business chapter 9 notes.
3. What are the problems of small businesses?
Small businesses are unable to sustain themselves in the market due to a lot of factors. There are numerous problems that are faced by them. They are;
Raw material production and transportation.
Management and operations related problems
Identifying effective strategies for marketing
Detecting methods for testing the quality of products
Knowing effective strategies to beat the competition
For study material related to Business Studies Class 11 Chapter 9, students can visit the vedantu app.
4. Write the goals of the marketing assistance scheme.
There are several goals of the marketing assistance scheme. They are;
It helps to promote the marketing competitiveness of the medium and small-sized business owners.
It assists to upgrade small and medium-sized businesses with the latest scenario of technology. It allows them to understand different aspects of the current technology so they can use it to upgrade their business.
It provides a chance for these small business owners to interact with the public on a large scale. Hence, it serves as a platform where the public and businesses can connect with each other.
It motivates medium, small and micro-entrepreneurs.
5. Explain any two problems faced by small industries in detail.
The two problems that are faced by small industries are-
Financial problem- Many small scale industry owners are unable to generate funds to run their daily activities. They need money to control and manage production. Hence, they seek help from money lenders and investors but they often get exploited. Small businesses have low working capital due to a delay in payment.
Raw material- Small businesses are forced to purchase low-grade quality material due to a lack of finances. The owners can’t purchase things in bulk as they don’t have space.
For notes, download the Chapter 9, Class 11 Business Studies, free of cost from the vedantu website (vedantu.com).
6. Explain the role of small industries in terms of diversity of products and customisation
Role of small businesses in terms of;
Diversity of products- Many small businesses in India are capable of generating different types of goods. These products are generated in a large amount. However, this amount can be changed due to fluctuations in demand. These businesses produce products like handicrafts, soaps, detergents, utensils, garments, ornaments, handlooms, clothes, etc.
Customisation- These businesses have the liberty to customize goods according to the requirements of the buyers.
7. Explain the role of NSIC.
The abbreviation NSIC stands for National Small Industries Corporation. The role of NSIC is as follows-
It helps to import machinery to boost the production of small-scale industries.
It transports equipment and other tools easily at a low cost.
It maintains the supply chain of raw materials and its distribution among several businesses.
It assists small and medium-sized businesses to export their products nationally or internationally.
It implements and supervises advisory services or consultation so the business owners can expand their reach.