Tourism module 3 Review

Tourism module 3 Review

Entrepreneurship

• Concepts

• Characteristics

• Opportunities

• Challenges

Concepts

• Definition

• Innovation

• MSMEs

• Risk

Multiple Choice

The MSME sector accounts for __% of the jobs in the Jamaican economy

• 80

• 85

• 90

• 95

Multiple Choice

A small enterprise typically has __ employees

• <5

• 6-20

• 21-50

• > 50

Characteristics

• Creativity

• Positivity

• Risk and management

• Achievement oriented

• Competitive

Open Ended

Which characteristic do you think is the most important as an Entrepreneur?

Opportunities

• Traditional vs Secondary

• Factors

• Ventures

• 
  

• 
  

Open Ended

Name a non-traditional tourism opportunity.

Multiple Choice

Which of the following is a subsidiary tourism activity

• Hotel owner

• Photographer

• Restaurant owner

• Tour guide

Multiple Choice

A business in which 2 or more family members are involved describes

• Home based venture

• Family owned venture

• Corporate Venture

• Franchise

Challenges

• Start up capital

• Operational costs

• Government policies

• Building product/service awareness

Multiple Select

Start up capital is capital needed to start and run the business for 5 years while operational costs are salary and bills to be paid by the business.

• True

• False

Open Ended

State one pro and one con of entrepreneurship