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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Random Words:
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One of the worlds luckiest kids. He is the son of green day frontman, Billie Joe Armstrong and his beautiful wife, Adrienne. Lives in Be..
