Gr 11 - TOURISM - Entrepreneurial opportunities in tourism

A person who takes a risk to start

and run his or her own business is known as a(n) ____________.

• accountant

• manager

• entrepreneur

An entrepreneur is a person who has the:

• confidence and determination to fall

• strength of character to overcome work

• responsibility to deny financial risk

• talent to recognise and pursue and

  opportunity

Social, negotiation and teamwork are examples of ______ skills.

• basic

• thinking

• people

Decision making and visualisation are examples of ________ skills.

• basic

• thinking

• people

Reading, writing, and speaking are examples of _____ skills.

• basic

• thinking

• people

The factor that makes a product or service different:

• Competitive edge

• Unique selling point

• Sustainability

Offering tourists what they are looking for will ensure that entrepreneurs focus on ______________ in their industry.

• competitive edge

• unique selling point

• sustainability

Having an advantage over the other companies with regards to what tourists / customers want:

• competitive edge

• unique selling point

• sustainability

Advantages to owning your own business:

• You enjoy the profits

• You get to choose the type of work you want to do

• You don't have to make any decisions

• You get to be your own boss

A small, specialised market for a

particular product or service is called a (a)   market. (Only fill in the missing word.)