Entrepreneurship in Tourism and Hospitality

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The process of analyzing financial statements and making investment decisions.
The process of managing and organizing resources in a business.
The process of identifying, creating, and seizing opportunities to create value by developing new products, services, or business models. (correct)
The process of marketing and selling products or services.

By contributing to job creation
By supporting the livelihoods of individuals within the community
By continuously introducing novel services, experiences, and technologies (correct)
By hiring local talent

<p>To enhance the customer experience (C)</p> Signup and view all the answers

<p>Job creation and local economic support (B)</p> Signup and view all the answers

Identifying, creating, and seizing opportunities to create value with new products, services, or business models.

Continuously introducing novel services, experiences, and technologies to the tourism sector.

Startups and new ventures boost job availability and support the local economy.

A key reason entrepreneurship matters is to improve and elevate the overall guest experience.

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Entrepreneurship plays a crucial role in this industry because of the personalized experiences.

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Entrepreneurship is the process of designing, launching, and running a new business or venture.

Entrepreneurs in tourism and hospitality contribute to innovation by introducing new products, services, and experiences that enhance the tourist experience.

One of the reasons why entrepreneurship is essential in tourism and hospitality is that it stimulates economic growth and job creation.

Startups and new ventures in tourism and hospitality contribute to the development of new tourism products, services, and experiences, which enhance the competitiveness of the industry.