Question

What is satisficing

What is satisficing

Homework Answers

Answer #1

Satisficing is nothing but decision or course of action which involves meeting the criteria by selecting the adequate solution rather than spending time on best solution.

In satisficing decisions, options are reviewed one by one and the first option that satisfy the criterion is selected. This is generally done to prevent the expenditure of time, energy and resources and thus the decision is taken examining the alternatives until the first acceptable solution is found.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
49,52,53,53,53,54,56,56,57,57,58,58,60,60,61,61,62,64,69,71,71,73,75,78,82 what is the mean what is the median what is the mode what is the...
49,52,53,53,53,54,56,56,57,57,58,58,60,60,61,61,62,64,69,71,71,73,75,78,82 what is the mean what is the median what is the mode what is the range what is the iqr what is the 5 number summary what is q3 what is the data set
What is a pressure? What is an opportunity? What is a Rationalization?
What is a pressure? What is an opportunity? What is a Rationalization?
What are oligodendrocytes? That is, what are they, what do they do, and why are they...
What are oligodendrocytes? That is, what are they, what do they do, and why are they important? What is myelin, where does it come from (hint: it probably has to do with oligodendrocytes), and why is it important? What is demyelination and why is it important? In the author's experiments, they will use a drug called cuprizone. What does this drug do?
? What is the microtubule organizing center? ? What is a centrosome? ? What is a...
? What is the microtubule organizing center? ? What is a centrosome? ? What is a centromere? ? What is a kinetochore? ? What is microtubulin? ? What is the mitotic spindle? ? What is cytokinesis? ? Which cytoskeletal proteins are important constituents of the contractile structures that form the cleavage furrows in animal cell cytokinesis? ? How does plant cytokinesis differ from animal cell cytokinesis? ? Know the role of MPF (mitosis promoting factor) in the cell cycle and...
What is the name of the blastula stage in humans? What is on the inside what...
What is the name of the blastula stage in humans? What is on the inside what do the cells form what cells form the outside what do the outside cells form?
What is a Pink Puffer? What is Blue Blower? What are the differences?
What is a Pink Puffer? What is Blue Blower? What are the differences?
What determines capital intensity at the steady state, k*? What increases it? What decreases it?. What...
What determines capital intensity at the steady state, k*? What increases it? What decreases it?. What is the role of technology change in the Solow Model?
What is Corporate Restructuring? what is Mergers and Acquisitions(M&A)? what is Leveraged Buyouts(LBOs)? what is Divestitures?...
What is Corporate Restructuring? what is Mergers and Acquisitions(M&A)? what is Leveraged Buyouts(LBOs)? what is Divestitures? what is Holding Companies?
What is dicoumarol? What is the role of this substance in the clotting process and what...
What is dicoumarol? What is the role of this substance in the clotting process and what are some examples of its toxicity?
What is an API? what is it value?
What is an API? what is it value?