What is Satisficing?
1.
The tendency to search for alternatives only until one is found that meets some mininmum standard of sufficiency
A manager looking for a new site for a new plant, for example, may select the first site she finds that meets basic requirements for transportation, utilities,and price even though further search might yield a better location.hence the term satisficing
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1.
The same daily grind we go through with everyone in our lives, "friends",family or authority can be part of this or in my opin..
1.
Something that cannot be totally explained.
Gentlemen, what we have here is a terrifying example of the reindeer effect!
See reindeer,..
