The key features of the book include the following: This edition covers fully the latest syllabus of Business Studies for class XI prescribed by the Council for ISCE. The subject-matter has been prescribed in a simple language and lucid style for the benefit of beginners in Commerce stream. Adequate emphasis has been given on conceptual clarity, working of business process and application of basic concepts to satisfy the four learning, i.e., knowledge, Understanding, Application and Evaluation. Appropriate diagrams, tables and boxes have been given to make the subject self-explantaory. To facilitate self-examination by the students, short-answer type and essay-type questions have been asked in a logical sequence at the end of each chapter. To evaluate the analytical and evaluation skills of the students, application-oriented questions and case studies have been given at the end of each chapter.