THC 10 - Entrepreneurship in Tourism

It is someone who has started his/her first entrepreneurial venture.

• Novice

• Serial

• Portfolio

It refers to the economic activity of a person who starts, manages, and assumes the risk of a business enterprise.

• entrepreneur

• entrepreneurship

• tourism

• capitalist

It is an individual who is in the process of starting a new business.

• Habitual

• Lifestyle

• Nascent

• Modern

This refers to the economic activity of a person who starts, manages and assumes the risk of business enterprise.

• Entrepreneurship

• Business Management

• Entrepreneur

• Manager

Someone who identifies an economic need, considers an offering of a business solution, proceeds to assemble the resources required, and assumes the risk of either succeeding or failing.

• tourism

• capitalist

• entrepreneur

• entrepreneurship

An inventor and developer of ideas, change agent, creative persistent and a class of his own, having his own value system.

• Entrepreneurship

• Businessperson

• Entrepreneur

• Business Manager

What is Entrepreneurship?

• a. the practice of making one's living by engaging in commerce.

• b. the action or business of promoting and selling products or services, including market research and advertising.

• c. the activity of setting up a business or businesses, taking on financial risks in the hope of profit.

One of the characteristics of entrepreneurship states that entrepreneur has an enthusiastic vision, the driving force of an enterprise.

• True

• False

Entrepreneur comes up with new ideas and turns them into viable business and find new ways to market the products that make their business stand out from the crowd and sometimes create a new crowd.

• Innovative

• Imitative

• Fabian

• Drone

Entrepreneurship also brings the following socio-economic benefits; except:

• Promotes self help and unemployment

• Mobilizes Capital

• Increase unemployment

• Enhances equitable distribution of income and wealth.