Components
of the Modern
Aviation
Industry
of the Modern
Aviation
Industry
What Part falls under this category?
What is Part 121
When was the first jet engine made?
What is 1930
What is Management?
What is getting things done through others?
What is ROI?
What is Return on Investment.
What are the 4 P's?
What is Product, Price, Place, and Promotion
What types of aviation fall under this category?
What is General Aviation
What country developed the first jet engine?
What is Great Britian
What are the 4 basic functions of time Management?
What is Planning, Organizing, Directing / Coordinating, Controlling
What are the 4 main forms of profit?
What are Reward for Effort, Reward for risk, Return on investment, Profit to sales ratio.
Fractional ownership companies and individuals account for what percent of all new corporate jet orders from the manufacturers
What is more than 40%
What type of workers are considered support personnel?
What is flight line / front desk, maintenance, administration, etc.
What are some cons of Jet engines?
What is Range of flight without refueling, Higher noise levels, Runway Length requirements, Fuel type requirements, Fuel consumption, Traffic mix in the flight pattern?
How often do Managers get interrupted?
What is every 8 minutes.
Name one type of Reward for risk?
What is Highly risky – highly profitable or Low risk – low yield
Describe market research?
What is helping the business owner understand the trends, including the underlying factors causing them.
This group includes individuals operating aircraft from student pilot through ATP certification levels?
Who are Pilots at all levels and ratings
What is the name of the first jet fighter?
What is Messerschmitt Me 262 Schwalbe?
What is the essential rule for delegating tasks?
What is the 80:20 rule.
Define ROI?
What is Profits measured in this way are examined as a percentage earned on the equity the owner holds in the business
What is the first part of marketing?
What is Identifying customer needs.
Organizations like AOPA and EAA fall into this category supporting aviation advocacy and community engagement?
What are Aviation Interest Groups
When was the first helicopter flown and where?
What is 1939 in Connecticut
What is the other name for Delegative leaders?
What are Laissez-faire leaders?
Hod does one find Profit to Sales ratio?
What is dividing the net profits of the business by its total sales
Name the range of the mass market?
What is 21%-88%