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.
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