FBO's
What does FBO stand for?
Fixed Base Operator
What are the four functions of management?
Planning, Organizing, Directing & Coordinating, and Controlling.
What are the four P's of marketing?
Product, Price, Place, Promotion
Profit means to
Gain more than you put in
Federal Aviation Administration
Do FBO's offer more than gas services?
Yes, they provide avionics, airframe, and power plant repair and overhaul for the aviation community.
The certain area a company hopes to target its services to is called a ___ in the market.
Niche
Who usually handle's marketing at a business?
Owner/Manager
What type of business doesn't care about profits?
Hobby/Business
What does the NTSB stand for?
National Transportation Safety Board
What are three trends and issues regarding a FBO?
Maturity and Professionalism, Public Awareness, and Technical Issues.
Someone who sets clear expectations and listens to little input is what type of leader?
Authoritarian Leader
Grow
One way to plan for a positive cash flow is to____
Forecast expenses
What sparked the establishment of TSA?
9/11
Approximately how many FBO's are in the US?
Approximately 3,000
Someone who provides little guidance and lets others make final decisions can be described as what type of leader?
Delegative Leader
What are the four types of consumer goods?
Convenience, Shopping, Specialty, Unsought.
Setting expenditure limits is called__
Budgeting
Who does the NTSB report directly to?
Congress
Reed Fuller of Ascent Aviation jokes that, "Planes don't fly on fuel, they fly on ____"?
Being able to manage your time and tasks through out the day is refered to as what ?
Time Management
What can increase your cost effectiveness when it pertains to advertising?
Targeting towards the desired market.
This shows your business on paper what you own and what you owe.
Balance Sheet
Who was the predecessor of the FAA?
Civil Aeronautics Authority (CAA)