An organization decides to ask three advertising agencies to pitch a proposal to handle the organization's business, instead of

Question

4 years ago

7

An organization decides to ask three advertising agencies to pitch a proposal to handle the organization's business, instead of

asking all of the advertising agencies in the city where this organization's headquarters is located to pitch the account. What type of decision does this represent?

Business

1 answer:

Akimi4 [234] · Answer 1 · 2021-12-16T18:45:21+03:00

Answer: Satisficing

Explanation:

The satisficing is one of the type of decision making process in which the it helps in making various types of effective decisions in an organization for the purpose of increase the profit and productivity of the company.

The main objective of satisficing approach is to form of the satisfactory or the ideal results as it helps in maintaining the growth of an organization.

According to the given question, the sacrificing is one of the type of decision that basically representing the given scenario an organization. Therefore, Satisficing is the correct answer.