Hotel Management - Qp2
8 Questions
| Attempts: 412
Questions and Answers
- 1.Most units, especially in the restaurant and hotel sections of industry are large.
- A.
True
- B.
False
- 2.Franchising combines the advantages of small establishments with the advantages of large-scale production.
- A.
True
- B.
False
- 3.Several, conditions must be satisfied for perfect competition to exist which includes: (Select four)
- A.
There must be many buyers of the product, none of whose actions affect the price.
- B.
There must be many sellers of the product, none of whose actions affect the price.
- C.
All producers sell at the different prices.
- D.
There must be no barriers of entry into the industry.
- E.
The units of labour must be homogeneous.
- 4.The Demand for Hotel and Catering Services depends upon five main factors.
- A.
True
- B.
False
- 5.Firms expand by moving into different markets and ______ different products.
- A.
Importing
- B.
Buying
- C.
Selling
- 6.Investment is the ______ of fixed assets.
- A.
Purchase
- B.
Sale
- 7.Membership of the trade union movement is relatively ______ in the hotel and catering industry.
- A.
Standard
- B.
Low
- C.
High
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