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)
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