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AVE3103 Final Exam Final Exam Preparation 6 questions Essay Format (15 points each/ Best of 4 answer) Date: TBC Time: TBC Duration: 3 hours
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AVE3103 Final ExamFinal Exam Preparation 6 questions
Essay Format (15 points each/ Best of 4 answer)
Date: TBCTime: TBC
Duration: 3 hours
Chapter 1: Introduction to Aviation EconomicsChapter 1: Introduction to Aviation Economics
1) Why does the airline industry is described 1) Why does the airline industry is described as an oligopolistic economic structure? as an oligopolistic economic structure? State the other possible oligopolistic State the other possible oligopolistic industries.industries.
Chapter 1: Introduction to Aviation EconomicsChapter 1: Introduction to Aviation Economics
2) Brief in your own words the five 2) Brief in your own words the five special/unique economic characteristics special/unique economic characteristics and the and the five major parts of economic five major parts of economic activities.activities.
Chapter 2: Chapter 2: The Demand for Airline ServiceThe Demand for Airline Service
3) Brief in your own words the definition of 3) Brief in your own words the definition of forecasting and what is the purpose of forecasting and what is the purpose of forecasting?forecasting?
Chapter 2: Chapter 2: The Demand for Airline ServiceThe Demand for Airline Service
4) Brief in your own words the three type of 4) Brief in your own words the three type of forecasting and provide examples to forecasting and provide examples to support your answer?support your answer?
Chapter 2: Chapter 2: The Demand for Airline ServiceThe Demand for Airline Service
5) Briefly explain in your own words the 5) Briefly explain in your own words the forecasting methods in aviation industry . forecasting methods in aviation industry . From your opinion, which is the best From your opinion, which is the best method and state your reasons.method and state your reasons.
Chapter 2: Chapter 2: The Demand for Airline ServiceThe Demand for Airline Service
6) Briefly explain in your own words the 6) Briefly explain in your own words the causal method for forecasting and provide causal method for forecasting and provide a simple example aviation industry to a simple example aviation industry to support your answer. support your answer.
Chapter 2: Chapter 2: The Demand for Airline ServiceThe Demand for Airline Service
7) Briefly explain in your own words the time 7) Briefly explain in your own words the time series method for forecasting and provide series method for forecasting and provide a simple example aviation industry to a simple example aviation industry to support your answer. support your answer.
Chapter 2: Chapter 2: The Demand for Airline ServiceThe Demand for Airline Service
8) Briefly explain in your own words the 8) Briefly explain in your own words the Judgmental method for forecasting and Judgmental method for forecasting and provide a simple example in aviation provide a simple example in aviation industry to support your answer. industry to support your answer.
Chapter 3: Chapter 3: Passenger MovementPassenger Movement
9) Describe in your own words the 9) Describe in your own words the significance of passenger load factors. significance of passenger load factors.
Chapter 3: Chapter 3: Passenger MovementPassenger Movement
10) Brief in your own words the definition of 10) Brief in your own words the definition of positioning flight and what is the factors positioning flight and what is the factors that effect the passenger load factor.that effect the passenger load factor.
Chapter 4: Chapter 4: Passenger Marketing & Airline CostsPassenger Marketing & Airline Costs
11) Briefly explain in your own words the 11) Briefly explain in your own words the the the concept of airline marketing approachconcept of airline marketing approach. . From your opinion, which is the best From your opinion, which is the best approach and state your reasons.approach and state your reasons.
Chapter 4: Chapter 4: Passenger Marketing & Airline CostsPassenger Marketing & Airline Costs
12) Briefly explain in your own words the 12) Briefly explain in your own words the the the concept of marketing mixconcept of marketing mix. State the . State the uncontrollable factors in marketing mixuncontrollable factors in marketing mix
Chapter 4: Chapter 4: Passenger Marketing & Airline CostsPassenger Marketing & Airline Costs
13) Briefly explain in your own words the 13) Briefly explain in your own words the concept of Market Segmentation and concept of Market Segmentation and Intensive Growth strategies. Provide Intensive Growth strategies. Provide aviation examples to support your answeraviation examples to support your answer
Chapter 4: Chapter 4: Passenger Marketing & Airline CostsPassenger Marketing & Airline Costs
14) Describe in the trend in passenger 14) Describe in the trend in passenger airfares from 1921. Provide a conclusion in airfares from 1921. Provide a conclusion in your own words from the trend you have your own words from the trend you have described.described.
Chapter 4: Chapter 4: Passenger Marketing & Airline CostsPassenger Marketing & Airline Costs
15) Briefly explain in your own words the 15) Briefly explain in your own words the pricing process of pricing process of passenger airfares.passenger airfares.
Chapter 4: Chapter 4: Passenger Marketing & Airline CostsPassenger Marketing & Airline Costs
16) Briefly explain in your own words the 16) Briefly explain in your own words the four types of airline costs. Provide four types of airline costs. Provide examples to support your answerexamples to support your answer
Chapter 5: Chapter 5: Airline Route PlanningAirline Route Planning
17) Briefly explain in your own words the 17) Briefly explain in your own words the definition and significance of airline route definition and significance of airline route planningplanning. .
18) Describe in your own words the 18) Describe in your own words the Freedoms of the air and provide example Freedoms of the air and provide example for each freedom to support your answerfor each freedom to support your answer
Chapter 6: Chapter 6: Fixed Base OperationFixed Base Operation
19) Briefly explain in your own words the 19) Briefly explain in your own words the definition of Fixed Base Operation and definition of Fixed Base Operation and the the major services provided by FBOs major services provided by FBOs
Chapter 7: Chapter 7: Maintenance, Repair & OverhaulMaintenance, Repair & Overhaul
20) Briefly explain in your own words the 20) Briefly explain in your own words the definition of Maintenance, Repair & definition of Maintenance, Repair & Overhaul and Overhaul and describe the describe the 4 categories of 4 categories of maintenancemaintenance
Q21) Define in your own words, what do you understand Q21) Define in your own words, what do you understand about fleet planning. What are the factors that might about fleet planning. What are the factors that might influence in fleet planning? influence in fleet planning?
Chapter 8: FLEET PLANNINGChapter 8: FLEET PLANNING
