Question

The decision-making strategy that aims for adequate results because optimal results may necessitate excessive expenditure of resources is known as:

Answer 1

Answer:

Satisficing

Explanation:

It is a decision making strategy which aimed to purposed a satisfactorily result. Satisficing concentrate on realistic efforts when encountering the task. This strategy aims to focus on the optimal level of solutions. The theory of satisficing was found to be applied in field economics, artificial intelligence, and sociology. Satisficing is a strategy adopted by an organization that seeks to meet the minimal level of expectancies for credits. This contradiction put to maximize the profit by combined attempts that put the organization high demands on the performance crosswise sales, marketing, and other departments.