1. What do you understand by the term small scale business? What are the characteristics of a small scale business? 20

2. Explain the various types of entrepreneurs in detail. . 20

3. Which institutions provide finance to small scale enterprises? Explain them in brief. 20

4. Differentiate between seller orientation and product orientation. 20

5. What is meant by market orientation? Why should an entrepreneur go for market assessment? 20

6. What is market demand? Which variables determine the market demand? 20

7. What is financial planning? Which are the different financial institutions for financing small scale businesses in Tourism? 20

8. What is implementation schedule? What are the major considerations for formulating implementation schedule? 20

9. Discuss are the common errors in business plan formulation? 20

10. What is partnership? What are the advantages and disadvantages of partnership? 20