Engineering Economics and Management — Winter 2018

‘Economics is tangible to every aspect of life’: Justify this statement.

Define: Elasticity of Demand. Explain – Cross Elasticity of Demand using an example.

‘Price of any commodity is derived through equilibrium of supply and demand’: Discuss.

Discuss any three characteristics of ‘Management’.

‘Management’ and ‘Administration’ are different aspects for any organization: Justify the statement.

Discuss: Contribution of Henry Feyol.

Analyze the organization of structure of ‘Medium Scale Industries’ in context of ‘Centralization’.

‘The price prevailing in the Monopoly market is supplier driven’ – Comment.

‘Combination of line and staff organization’ necessary for efficient management.

Discuss different types of costs associated with production.

Define: 1. GDP 2. GNP 3. NNP

Explain briefly: Price determination in competitive market.

Explain ‘Break – Even Point’ considering numerical data.

‘Unemployment is serious economic problem for the country’ – Comment.

Discuss the objectives of fiscal policy.

How RBI governs the economy through different banking rates?

Discuss: Demographical market Segmentation.

Which measures should be taken to control inflation?

Apply the concept of ‘4 P’s of marketing’ to ‘Fast food retail store’.

List out the factors affecting the selection of ‘Plant location’.

Discuss the ‘Manpower planning’.

‘Business has societal responsibility’ – Explain.

Differentiate: Plant Layout and Product Layout.

Discuss the sources of recruitment.

‘Business Ethics plays an important role in development of brand of any organization’ – Justify the comment.