SOLUTIONS
*NECO TOURISM*
*NUMBER SIX*
(6a)
[PICK ANY TWO]
(i) Unique set of needs:
Niche market is represented by specialist needs among the audience, served by a few competitors.
(ii) Ample size:
The size of the niche market should be large enough to earn profits.
(iii) Sufficient purchasing ability:
While selecting a particular niche, the firm must lay emphasis on the purchasing ability of the target customers
(iv) Resources, competencies and skills:
Firm possesses the needed resources, competencies and skills, to exploit the niche.
(6bi)
-ADVANTAGES-
(i) Your business is open around the clock.
(ii) You can maximize reservations
(iii) You get paid quicker
-DISADVANTAGES-
(i) You need Internet access
(ii) You need to be ready for an influx of new customers
(iii) Not all online E-reservation are created equal.
(6bii)
-ADVANTAGES-
(i) Flashy magazines are always popular among consumers and are often read by them for a particular period of time in a month.
(ii) Print media is an easy medium to spread awareness or advertise to any particular geographical area.
(iii) Print media allows you to choose your own space for advertisement, thus, you can manage your budget and expenses while planning for the advertisement.
-DISADVANTAGES-
(i) Placing an advertisement in print media requires a lot of planning and time. In this case, you are faced with flexibility problem, particularly when you work in tight deadlines.
(ii) Besides, most of the time, your advertisement might get lost among all other ads and editorials
(iii) the lifespan of newspaper and magazines is very short as people have a tendency to throw them or keep them aside after one day of reading.
(6c)
[PICK ANY TWO]
(i) Electronic media is fast.
(ii) This media is cost-effective hence manageable than the static media.
(iii) Electronic media allows easy management of global operations.
(iv) Electronic media is a perfect media of communication since these media allows the exchange of ideas instantly.
(8ai)
cottage industry is a small-scale, decentralized manufacturing business often operated out of a home rather than a purpose-built facility. Cottage industries are defined by the amount of investment required to start, as well as the number of people employed.
(8aii)
(Pick Any Four)
(i)rice
(ii)corn
(iii)wheat
(iv)timber/plywood
(v)gravel/clay
(vi) fuel wood
(8b)
(Pick Any Four)
(i)National Directorate of Employment (NDE)
(ii)Small and Medium Enterprise Development Agency of Nigeria (SMEDAN)
(iii)National Institute for Hospitality and Tourism (NIHOTOUR)
(iv)National Institute for Cultural Orientation (NICO)
(v)Ushafa Pottery Centre
(8c)
(i)Small and medium enterprise Development Agency of Nigeria involves in Promoting and facilitating development programmes , instruments and support to accelerate the development modernization of ministry of Micro, small and medium Enterprises (MSME) operations.
(i)They initiate and articulate policy ideas for small and medium enterprises growth and development. Also have the mandate tmof stimulating, monitoring
They have the mandate and coordinating the development of Ministry of Micro ,small and Medium enterprise sub sector in nigeria
(8d)
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) was established to facilitate the promotion and development of a structured and efficient Micro, Small, and Medium Enterprises (MSMEs) Sector that will enhance sustainable economic development in Nigeria. WHILE NICO is renowned for training cultural ambassadors, media practitioners, film directors and entrepreneurs to become more proficient at workplaces, homes and communities in their handling of Nigerian cultural realities, philosophy and practices which are relevant for economic advancements, National integration, peace and unity.
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