Brief Answer Questions:
[10 × 2 = 20]What is environment scanning?
Write two objectives of preparing fiscal policy.
Mention different techniques of environmental scanning.
Elaborate the term 'inflation'.
What is meant by acculturation?
Mention two objectives of SAFTA.
Define political risk.
Mention two key indicators of macroeconomic environment.
Enlist any four institutions support business.
Mention two advantages of WTO membership to Nepal.
Short Answer Questions: (Attempt any SIX Questions)
[6 × 5 = 30]Describe how does task environmental factors influence business.
Do you believe that political stability leads to business development? Justify your answer.
Describe different social changes influencing business.
Describe the major legal provisions on business start ups.
How capital market reforms affect Nepalese business?
Explain the functions of Trade and Export Promotion Center (TEPC), Nepal.
Discuss various issues related to technology transfer.
Long Answer Questions: (Attempt any THREE Questions)
[3 × 10 = 30]Discuss the concept of Business Environment. How does the economic development plans influence the business environment?
"FDI plays a vital role in economic development of a country". In light of this statement, explain the rationale of FDI and reasons of its poor inflow.
Highlight the energy situation. Analyze the opportunity and threat of the energy situation to Nepalese business.
Explain the major firm specific business environment.
Comprehensive Answer / Case / Situation Analysis Questions:
[4 × 5 = 20]Analyze the following case carefully and answer the questions that follow:
Tourism has been identified as one of the cornerstones of the Nepalese economy. It is an significant source of income and foreign exchange. Nepal is a popular destination for mountaineers, rock climbers, and adventure seekers because it is home to 8 of the 10 tallest mountains in the world. Since Mount Everest, the highest mountain peak in the world, is located, adventure travel and ecotourism are popular tourist draws there. Other significant religious pilgrimage destinations can be found across the nation for devotees of many sects and religions. Since the 1950s, Nepal actively promoted tourism.
Arrivals of foreign tourists increased, from 9526 in 1964 to a record-breaking of over 1.1 million in 2018. In 2012, 598,204 visitors from abroad arrived in the nation by air. An average tourist's stay lasts around 13 days. In comparison to other months, March, October, and November are the most visitors. One million foreign visitors to Nepal were targeted for that year, which the government of Nepal designated as Nepal Tourism Year. The tourism industry is considered as a way to combat poverty and improve social justice throughout the country. Nepal has been working hard to boost its market share in international travel. To that purpose, several marketing initiatives were started, including Visit Nepal 1998, Nepal Tourism Year 2011, and Visit Nepal 2020. Nepal aims to make a safe, excellent, and tourist-friendly travel destination; increase the contribution of tourism to the national economy through the diversification of tourist areas, products, and services; and equally distribute the benefits of tourism. Nepal started with the development of an environment that would promote tourism employment and the prompt rebuilding of cultural sites that were damaged in the 2015 earthquake. Currently, there are 226 homestay facilities, 625 basic tourist hotels, and 105-star hotels. 8% of the 105-star hotels are 3-star establishments. During peak season, 3-star hotel room occupancy typically ranges from 40 to 80 percent. Additionally, Nepal has 20 protected areas that make up 23 percent of its total geographical area. These include 10 national parks, 3 animal reserves, 6 conservation areas, and 1 hunting area. In the first six months of 2022, Nepal received more than 237,696 foreign visitors.
However, in recent decades, there have been several obstacles that have impeded Nepal's tourist industry's expansion. Further, tourism infrastructure, qualitative services, well-trained manpower, proper emergency, and general health services are important for the development of the tourism industry.
Questions:
a. What are the major issues of tourism industry?
b. What are the prospects and challenges of the tourism industry of Nepal?
c. What action plan are required for the further development of tourism industries Nepal?
d. Does technology intervention supports to promote tourism industry? Explain.