In Its Purchase of Desktop Business Computers, Albertson's Asked That

question 7

Multiple Choice

In its purchase of desktop business computers, Albertson's asked that potential suppliers provide information only on units with 8GB of memory. As Albertson's management evaluates this purchase, it finds that 8GB is inadequate for many of the software programs used at Albertson's. In this instance, the firm would need to modify which aspect of the purchase process?

• A)Searching
• B)Specification development
• C)Alternative evaluation
• D)Selection
• E)Performance evaluation

---

Definitions:

Satisficing

A decision-making strategy that aims for a satisfactory or "good enough" solution rather than the optimal solution, especially when addressing complex issues.

Optimizing

The process of making something as fully perfect, functional, or effective as possible.

Selecting Condos

This term refers to the process of evaluating and choosing condominiums as a form of housing based on specific criteria such as location, price, amenities, and personal preferences.

Shafir, Simon, And Tversky

Researchers known for their contributions to the field of decision-making and behavioral economics, though no combined work by all three is specifically famous.