Question

Charlotte was asked to select a suitable material supplier for her boutique over the weekend. Since Charlotte had plans of meeting her friends during the weekend, she did not choose the best supplier for her boutique. Instead, she selected the first supplier who met the minimum standards. Charlotte's decision-making strategy is an example of _____________.

Answer 1

Answer: Satisficing

Explanation:

  According to the given question, the Charlotte's strategy for the decision making process is one of the example of satisficing.

The satisficing is one of the type of tendency is that helps in searching for the alternatives solutions until the best solution is found based on the needs and the standard.

The main aim of the satisficing is that it focuses on the various types of pragmatic efforts or the optimal outcome based on the available time and the resources. Therefore, Satisficing is the correct answer.