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
See
Random Words:
1.
Rear lights for a car which incorporate separate coloured lenses for each lamp (e.g. tail, indicator, stop) with the rest of the cluster..
