Examlex
When sellers focus on existing needs and lose sight of underlying customer wants, they suffer from marketing myopia.
Bounded Rationality
The concept that individuals make decisions based on the limited information available to them and their finite capacity to process information.
Managers
An advocate for stability and the status quo.
Conception of the World
An individual or collective understanding and interpretation of the world around us, including beliefs about nature, society, and the universe.
Satisfice
To select the first alternative that is “good enough,” because the costs in time and effort are too great to optimize.
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