Exam Details
| Subject | Managerial Economics | |
| Paper | ||
| Exam / Course | M.Sc in Hospitality Administration | |
| Department | School of Tourism & Hospitality Service Sectoral SOMS (SOTHSM) | |
| Organization | indira gandhi national open university | |
| Position | ||
| Exam Date | December, 2016 | |
| City, State | new delhi, |
Question Paper
1. "Managerial economics is the integration of economic theory with business practice for the purpose of facilitating decision-making and forward planning by a manager." Elaborate the statement and discuss the underlying concept with suitable examples.
2. What do you understand by demand forecasting? While describing the regression method of demand forecasting, explain why it is important for the firm to forecast demand.
3. What are the barriers faced by a Multi-National Hospitality Company, when it opens its branch/outlet in a country? Discuss these barriers to entry with example.
4. Define Demand Function and explain how a product's price acts as a determinant of Demand.
5. Describe different types of Statistical Analysis. Briefly discuss the limitations of different types of Statistical Analysis.
Explain the concept of economies of scale.
What are economies of scope How do they differ from economies of scale
7. What is "Perfect Competition Discuss its characteristics and relevance.
8. Define a "Monopolistic Competition." Explain its features and the nature of its demand curve.
9. Explain break-even analysis on the basis of its concept, use, drawbacks and advantages.
10. Write short notes of the following:
Pricing of Joint Products
Operating Leverage
2. What do you understand by demand forecasting? While describing the regression method of demand forecasting, explain why it is important for the firm to forecast demand.
3. What are the barriers faced by a Multi-National Hospitality Company, when it opens its branch/outlet in a country? Discuss these barriers to entry with example.
4. Define Demand Function and explain how a product's price acts as a determinant of Demand.
5. Describe different types of Statistical Analysis. Briefly discuss the limitations of different types of Statistical Analysis.
Explain the concept of economies of scale.
What are economies of scope How do they differ from economies of scale
7. What is "Perfect Competition Discuss its characteristics and relevance.
8. Define a "Monopolistic Competition." Explain its features and the nature of its demand curve.
9. Explain break-even analysis on the basis of its concept, use, drawbacks and advantages.
10. Write short notes of the following:
Pricing of Joint Products
Operating Leverage
Other Question Papers
Departments
- Centre for Corporate Education, Training & Consultancy (CCETC)
- Centre for Corporate Education, Training & Consultancy (CCETC)
- National Centre for Disability Studies (NCDS)
- School of Agriculture (SOA)
- School of Computer and Information Sciences (SOCIS)
- School of Continuing Education (SOCE)
- School of Education (SOE)
- School of Engineering & Technology (SOET)
- School of Extension and Development Studies (SOEDS)
- School of Foreign Languages (SOFL)
- School of Gender Development Studies(SOGDS)
- School of Health Science (SOHS)
- School of Humanities (SOH)
- School of Interdisciplinary and Trans-Disciplinary Studies (SOITDS)
- School of Journalism and New Media Studies (SOJNMS)
- School of Law (SOL)
- School of Management Studies (SOMS)
- School of Performing Arts and Visual Arts (SOPVA)
- School of Performing Arts and Visual Arts(SOPVA)
- School of Sciences (SOS)
- School of Social Sciences (SOSS)
- School of Social Work (SOSW)
- School of Tourism & Hospitality Service Sectoral SOMS (SOTHSM)
- School of Tourism &Hospitality Service Sectoral SOMS (SOTHSSM)
- School of Translation Studies and Training (SOTST)
- School of Vocational Education and Training (SOVET)
- Staff Training & Research in Distance Education (STRIDE)
Subjects
- Basics Of Human Resource Planning
- Conceptual Framework Of Employment Relations
- Labour Laws
- Managerial Economics
- Marketing Management
- Sales And Marketing
- Sales Management