Define the Concept of a Satisficing Strategy for Decision Making

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Examlex · Accepted Answer

The Answer is Satisficing is searching for and choosing an acceptable, or satisfactory, response to problems and opportunities, rather than try to make the best decision. Satisficing can be the best approach when the time or resources needed to make a decision are limited; however, the best alternative may be overlooked as human judgment is often flawed.

Define the Concept of a Satisficing Strategy for Decision Making

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