Master Of Business Administration (Hospitality Management)

MANAGERIAL ECONOMICS
1st Year Examination
(July - 2023)
Marks: 100

Note: Attempt any Ten Questions. Each question Carry 10 marks.

Q1. Discuss the role of managerial economics in the hospitality industry. How can the
application of economic principles aid in decision-making processes and contribute to the
overall success of hospitality businesses?
Q2. Analyze the concept of demand and supply in the context of the hospitality sector.
Discuss how demand and supply analysis can be used to understand market trends and
make informed pricing and production decisions in the hospitality industry.
Q3. Explain the significance of cost analysis in hospitality management. Discuss different
cost concepts and their applications in evaluating the cost structure and profitability of
hospitality businesses.
Q4. Discuss the concept of elasticity of demand and its relevance in the hospitality industry.
How can the understanding of price elasticity aid in making pricing decisions and
forecasting demand for hospitality services?
Q5. Analyze the concept of market structures in the context of the hospitality industry.
Discuss how different market structures impact the behavior of hospitality firms and
influence their pricing and output decisions.
Q6. Discuss the importance of pricing strategies in the hospitality sector. Analyze various
pricing models and techniques that can be applied to maximize revenue and profitability in
the hospitality industry.
Q7. Analyze the concept of production and cost analysis in hospitality management. Discuss
how production and cost analysis can be utilized to optimize production processes and
minimize costs in the hospitality sector.
Q8. Discuss the role of competition in the hospitality industry. Analyze the impact of
competitive forces on pricing, product differentiation, and market share within the
hospitality sector.
Q9. Discuss the concept of risk and uncertainty in the hospitality industry. Analyze how risk
and uncertainty affect decision-making processes and business strategies in the context of
hospitality management.
Q10. Analyze the importance of government policies and regulations in the hospitality
sector. Discuss how government interventions and policies can influence the operations
and profitability of hospitality businesses.
Q11. Explain the concept of game theory and its application in the hospitality industry.
Discuss how game theory can be used to analyze strategic interactions and decision-
making processes among competitors in the hospitality sector.
Q12. Discuss the concept of capital budgeting and its relevance in hospitality management.
Analyze different capital budgeting techniques and explain how they can be applied to
evaluate investment opportunities and make informed financial decisions in the hospitality
industry.