The Boeing 747 was scheduled to take off from Will Rogers Airport bound for Galeão International in just two days and with only four seats booked,the holiday getaway appeared to be a money-losing proposition.Bob lowered the airfare 90% and hoped to make up the loss of logistical revenue by doubling the price of caipirinhas and samba drums throughout the trip.Bob has handled uncertainty using which tool?
A)Information
B)Price
C)Time
D)Inventory

Question

Quizplus · Accepted Answer

Bob lowered the airfare to address the uncertainty of not filling the seats and potentially losing money. He then planned to increase the revenue from other sources by doubling the price of drinks and drums, indicating he was using price as a tool for managing uncertainty.

The Boeing 747 Was Scheduled to Take Off from Will