The four stages of airline industry development (in order) are: correct answersRegulation, liberalization, deregulation, and re-regulation
The aerospace industry has been relatively unsteady over the past several decades and has experienced many changes due to: correct answersnational policy, ec...
AVMT 211 final exam
The four stages of airline industry development (in order) are: correct answersRegulation, liberalization, deregulation, and re-regulation
The aerospace industry has been relatively unsteady over the past several decades and has experienced many changes due to: correct answersnational policy, economic conditions
Prior to 1950 the aviation industry was relatively unsophisticated, but the industry began transforming in
the early 1950's with the production of: correct answersjet-powered supersonic military airplanes.
Changes in aerospace product sales are driven by the dynamics of the industry's: correct answerscustomer base.
The importance and value content of ___________ components in the aerospace market have grown significantly in recent years. correct answerselectronic
Despite growing percentages of nongovernment and nonaerospace business, industry activity is still dominated by: correct answers
In the United Stated the principal civil aviation product is airline transport, and sales for this depend on the financial health of the world's airlines. correct answersTrue
Since deregulation in the late _______, the trend has been toward less and less differentiation within the
airline industry.
Question options: correct answers1970s
A company's ability to maintain its position as a global aerospace manufacturer depends fundamentally on its: correct answerscapitalizing on new market opportunities. International collaboration is not necessary for an aerospace manufacturer to remain competitive in the industry. correct answersFalse
Inflation tends to ________ economic growth which can have a tremendous impact on the air transport industry. correct answersinhibit
Inflation causes interest rates to _______ which inhibits economic growth and can put a damper on air traffic. correct answersrise
Which is not a factor affecting commercial transport sales: correct answersglobal weather patterns
An "air carrier" is defined in short as any citizen (individual or corporation) who engages in: correct answers
The air transportation industry by definition includes: correct answers
Over the past 60 years the air transportation industry has fluctuated with the economy, but has not itself
had a measurable impact on the economy. correct answersFalse
To visualize a world without air transportation, consider an 800-mile trip from New York to Chicago. Today you can find a flight that will accomplish this in a couple of hours, when in 1940 it took approximately _______ hours each way by rail. correct answers
The general aviation segment of the aerospace industry primarily manufactures: correct answerslight aircraft and components.
The first regular air mail route in the United States was established on May 15, 1918, between Washington, DC and: correct answersNew York City.
During the period from August, 1918 to February, 1926, air mail service was provided by the: correct answersPost Office Department.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller QUILLSKY. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $15.99. You're not tied to anything after your purchase.
