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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:2011

QUESTION ONE – (30 MARKS)
(a) In Kenya most of the products in the market are manufactured outside the country. Explain the factors that may have led the business people to do global sourcing. (12 Marks) (b) The government of Kenya has imposed various duties on both imports and exports and the same time zero rating other products. In your opinion why should this be the case? (12 Marks) (c) Explain the concept of comparative advantages. (6 Marks)
QUESTION TWO – (20 MARKS)
(a) Mr. Kamau, a young entrepreneur wants to engage in international purchasing but doesn’t know where to get information about the global market. What advice would you give him. (10 Marks) (b) Discuss the possible challenges that one would face when engaging in international purchasing. (10 Marks)
QUESTION THREE – (20 MARKS)
(a) There are various types of Inco-terms used in international purchasing. Discuss any four of them, indicating how they differ from one another. (12 Marks) (b) Countries that over rely on imports are likely to suffer economically. Explain. (8 Marks)
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QUESTION FOUR – (20 MARKS)
(a) Global sourcing requires a lot of documentation. Highlight and explain the importance of any five of them. (10 Marks) (b) Due to the importance and challenges faced in international trade, countries have found it wise to form trading blocks and associations. What are the advantages of being a member of such trading associations? (10 Marks)
QUESTION FIVE – (20 MARKS)
Assume you have been called upon to assist in the procurement of a capital asset by your employer and the asset is not available within the boundaries of your country. Explain how you would go about it. (20 Marks)

Hps2214:Transport Economics Question Paper

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