NetJets, which is the first time-share program for aircraft, cuts transaction costs by:
A)providing economic service to its passengers.
B)being responsible for crews, maintenance, and compliance with Federal regulation.
C)reducing the time taken for traveling between destinations.
D)allowing owners to transfer their shares, change the size of their shares, and purchase shares of other planes.

Question

Quizplus · Accepted Answer

NetJets cuts transaction costs by being responsible for crews, maintenance, and compliance with Federal regulation. This allows individual owners to avoid the expenses and hassles of aircraft management and reduces the costs associated with maintaining an aircraft.

NetJets, Which Is the First Time-Share Program for Aircraft, Cuts