1. AVE3103 Final Exam Final Exam Preparation 6 questions Essay Format (15 points each/ Best of 4 answer) Date: TBC Time: TBC Duration: 3 hours

2. Chapter 1: Introduction to Aviation Economics 1) Why does the airline industry is described as an oligopolistic economic structure? State the other possible oligopolistic industries.

3. Chapter 1: Introduction to Aviation Economics 2) Brief in your own words the five special/unique economic characteristics and the five major parts of economic activities.

4. Chapter 2: The Demand for Airline Service 3) Brief in your own words the definition of forecasting and what is the purpose of forecasting?

5. Chapter 2: The Demand for Airline Service 4) Brief in your own words the three type of forecasting and provide examples to support your answer?

6. Chapter 2: The Demand for Airline Service 5) Briefly explain in your own words the forecasting methods in aviation industry. From your opinion, which is the best method and state your reasons.

7. Chapter 2: The Demand for Airline Service 6) Briefly explain in your own words the causal method for forecasting and provide a simple example aviation industry to support your answer.

8. Chapter 2: The Demand for Airline Service 7) Briefly explain in your own words the time series method for forecasting and provide a simple example aviation industry to support your answer.

9. Chapter 2: The Demand for Airline Service 8) Briefly explain in your own words the Judgmental method for forecasting and provide a simple example in aviation industry to support your answer.

10. Chapter 3: Passenger Movement 9) Describe in your own words the significance of passenger load factors.

11. Chapter 3: Passenger Movement 10) Brief in your own words the definition of positioning flight and what is the factors that effect the passenger load factor.

12. Chapter 4: Passenger Marketing & Airline Costs 11) Briefly explain in your own words the the concept of airline marketing approach. From your opinion, which is the best approach and state your reasons.

13. Chapter 4: Passenger Marketing & Airline Costs 12) Briefly explain in your own words the the concept of marketing mix. State the uncontrollable factors in marketing mix

14. Chapter 4: Passenger Marketing & Airline Costs 13) Briefly explain in your own words the concept of Market Segmentation and Intensive Growth strategies. Provide aviation examples to support your answer

15. Chapter 4: Passenger Marketing & Airline Costs 14) Describe in the trend in passenger airfares from 1921. Provide a conclusion in your own words from the trend you have described.

16. Chapter 4: Passenger Marketing & Airline Costs 15) Briefly explain in your own words the pricing process of passenger airfares.

17. Chapter 4: Passenger Marketing & Airline Costs 16) Briefly explain in your own words the four types of airline costs. Provide examples to support your answer

18. Chapter 5: Airline Route Planning 17) Briefly explain in your own words the definition and significance of airline route planning. 18) Describe in your own words the Freedoms of the air and provide example for each freedom to support your answer

19. Chapter 6: Fixed Base Operation 19) Briefly explain in your own words the definition of Fixed Base Operation and the major services provided by FBOs

20. Chapter 7: Maintenance, Repair & Overhaul 20) Briefly explain in your own words the definition of Maintenance, Repair & Overhaul and describe the 4 categories of maintenance

21. Q21) Define in your own words, what do you understand about fleet planning. What are the factors that might influence in fleet planning? Chapter 8: FLEET PLANNING