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Hps2214:Transport Economics Question Paper

Hps2214:Transport Economics

Course:Bachelor Of Supplies Management

Institution: Meru University Of Science And Technology question papers

Exam Year:2014

QUESTION ONE (30 MARKS)
a) Explain the role of Logistics Management in the procurement function (7 marks) b) What factors would determine the Demand for Transport services. (7 marks) c) Highlight five factors that a supplier should consider in the choice of a Transport mode (5 marks) d) What factors should a transport provider consider in costing transport services. (6 marks) e) Highlight five (5) Economic factors that have led to rapid increase in Traffic congestion in most Kenyan towns (5 marks)
QUESTION TWO (20 MARKS)
a) Transport is referred to as an Economic Catalyst. Explain. (12 marks) b) A company that has been relying on Hired transport intends to change to the use of self owned means of transport. Highlight the key advantages, it is likely to enjoy. (8 marks)
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QUESTION THREE (20 MARKS)
a) Mr. Mutinda, who has previously enjoyed monopolistic power in the Transport industry, is now faced with steep competition from new investors who are providing exactly the same services he has been offering. Explain his survival in such a market situation. (12 marks) b) Demand for transport services is referred to as Derived Demand. Explain (8 marks)
QUESTION FOUR (20 MARKS)
a) Explain the importance / role of transport services in Economic growth and development in a country. (12 marks) b) Discuss five (5) Economic factors that may influence the provision of Transport services. (8 marks)
QUESTION FIVE (20 MARKS)
a) What is inflation? (6 marks) b) What impact would the rapid loss of Kenya shilling value against the US Dollar have on the transport industry? (14 marks)

Hps2214:Transport Economics Question Paper

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