Name: Managing Entrepreneurship and Small Business in Tourism
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IGNOU MTTM-08 (January 2025 – July 2025) Assignment Questions

1. Explain the role of entrepreneurship in SSE and economic development.

2. Who is an entrepreneur? Explain the concept of entrepreneurial competencies.

3. What do you understand by entrepreneurship? Describe the alternative fields of self- employment.

4. What is market orientation? Outline the aspects involved in market assessment.

5. Discuss the various stages involved in product design.

6. Write short notes on any two of the following in about 300 words each:

a) SWOT Analysis

b) Role of SIDBI is granting loans

c) Cash Flow statement

7. What is Business Plan? Discuss the importance of a business plan in small enterprises.

8. Distinguish between proprietorship, partnership and a company.

9. Explain the important issues related to financial management in small enterprises.

10. What do you understand by human resource planning? Discuss the problems faced by an entrepreneur in relation to HRD.

IGNOU MTTM-08 (January 2024 – July 2024) Assignment Questions

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.

MTTM-08 Assignments Details

University	:	IGNOU (Indira Gandhi National Open University)
Title	:	Managing Entrepreneurship and Small Business in Tourism
Language(s)	:	English
Code	:	MTTM-08
Degree	:	MTTM
Subject	:	Tourism Management
Course	:	Core Courses (CC)
Author	:	Gullybaba.com Panel
Publisher	:	Gullybaba Publishing House Pvt. Ltd.

IGNOU MTTM-08 (Jan 24 - Jul 24, Jan 25 - Jul 25) - Solved Assignment

Are you looking to download a PDF soft copy of the Solved Assignment MTTM-08 – Managing Entrepreneurship and Small Business in Tourism Then GullyBaba is the right place for you. We have the Assignment available in Urdu language. This particular Assignment references the syllabus chosen for the subject of English, for the Jan 24 - Jul 24, Jan 25 - Jul 25 session. The code for the assignment is MTTM-08 and it is often used by students who are enrolled in the IGNOU Solved Assignments, MTTM Degree. Once students have paid for the Assignment, they can Instantly Download to their PC, Laptop or Mobile Devices in soft copy as a PDF format. After studying the contents of this Assignment, students will have a better grasp of the subject and will be able to prepare for their upcoming tests.