MTTM 8 MANAGING ENTREPRENEURSHIP AND SMALL BUSINESS IN TOURISM Solved Assignment 2024-25

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1. What are the major entrepreneurial competencies? Explain how these competencies can be developed through systematic training?

2. Define market orientation. Explain why an entrepreneur should go for market assessment.

3. Explain why product or service design is important to any organization. Discuss the various stages involved in product design.

4. ‘Small Scale Enterprises have many characteristics which make them pivotal in accelerating
economic growth’. Discuss with examples.

5. Discuss the role of important financial institutions rendering promotional assistance & credit
facilities assistance to small scale industrial units/enterprise.

6. What do you mean by Business Plan? What type of location would you go for if you are in the
tourist transport business.

7. What do you mean by Proprietorship? What are the advantages and disadvantages of
Proprietorship?

8. Describe the various stages of growth in the life of a small-scale enterprise. Support your answer
with examples from the tourism industry.

9. What are the various financial ratios that are commonly used by entrepreneurs to assess their own
performances. Give a detailed check list to assess oneself.

10. Discuss some of the commonly employed management practices in family business. Discuss the positive aspects of family business.

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MTTM 8 Solved Assignment 2024-25

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MTTM 8   MANAGING ENTREPRENEURSHIP AND SMALL BUSINESS IN TOURISM Solved Assignment 2024-25 Before ate mpting the assignment, please read the following instructions carefully.

1. Read the detailed instructions about the assignment given in the Handbook and Programme Guide.
2. Write the course title, assignment number and the name of the study centre you are attached to in the centre of the first page of your response sheet(s).
3. Use only foolscap size paper for your response and tag all the pages carefully
4. Write the relevant question number with each answer.
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