Get premium membership and access revision papers, questions with answers as well as video lessons.

Bhtm 216:Principles Of Economics Question Paper

Bhtm 216:Principles Of Economics

Course:Hospitality & Tourism

Institution: Kenya Methodist University question papers

Exam Year:2013

KENYA METHODIST UNIVERSITY

END OF 3''RD ''TRIMESTER 2013 (PT) EXAMINATION
FACULTY : EDUCATION AND SOCIAL SCIENCES
DEPARTMENT : EDUCATION
UNIT CODE : BHTM 216
UNIT TITLE : PRINCIPLES OF ECONOMICS
TIME : 2 HOURS

Instructions:

Answer any four questions in the answer booklet provided.

Question One

Explain the following terms used in the process of providing goods and services in the hospitality and tourism industry.
Goods
Scarcity

Wealth.

(5 marks)

Explain five reasons that make the study of Principles of Economics important for students pursuing Bachelor of Hospitality and Tourism Management.

(10 marks)

Question Two

Using a demand curve, state and explain the law of demand.

(5 marks)

You have been identified to receive Ksh.400,00 from Uwezo Fund –Kenya, as a young entrepreneur to start a hotel at the outskirts of Kisumu City. Discuss five factors that could affect the demand of goods and services at the hotel.

(10 marks)

Question Three

Explain five problems you face as a consumer of goods and services in Kenya.

(5 marks)

Discuss the role of Kenya Bureau of Standards in Consumer protection.

(10 marks)

Question Four

You intend to enter into the business of selling branded Kenyan "T-Shirts" to tourists at the entrance of Lake Nakuru Park. What essentials of a market would you look for.

(5 marks)

Explain five factors that are likely to affect the supply of the goods and services at the tourists market at Lake Nakuru National Park.

(10 marks)

Question Five

Mr. Marika is a young entrepreneur at North Coast. Discuss his functions as an entrepreneur of Delicious Tastes Hotel at Mtwapa-Mombasa.

(10 marks)

Explain five factors that affect the efficiency of workers of a large hotel enterprise.

(5 marks)

Question Six

Identify four factors of production and explain the role of each in the production of goods and services in the hospitality and tourism industry.

(5 marks)

Explain he challenges of consumer protection in Kenya.

(10 marks)

Bhtm 216:Principles Of Economics Question Paper

More Question Papers

Popular Exams