Question 1
Examine the following key terms and distinguish clearly in your own words the use of each. (20)
1.1 Branding (4)
1.2 IRR (2)
1.3 Mix Used Developments (2)
1.4 Equity Capital (2)
1.5 Unrealistic Time Scales (2)
1.6 Budget (4)
1.7 Asset Management (2)
1.8 Design Brief (2)
Question 2
The Hospitality Concept plays a vital role in all Hospitality and Tourism Businesses especially in
the area where the business is situated. Critically discuss the Hospitality Concept giving
examples from Hospitality and Tourism!
(18)
Question 3
“It has been noted that in certain areas many entrepreneurs shine amongst long term
businessmen”. Discuss the characteristics that would ensure entrepreneurs prosper amongst
other businessmen!
(12)
Question 4
Developing Small Hospitality Properties is thought-provoking. The challenges of attracting and
retaining qualified workers in Namibia and beyond, is now becoming increasingly a global
challenge in all segments of the market. Discuss the causes that contributed to these challenges
and provide solutions.
(10)
2