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kiruha [24]
3 years ago
12

Juan was ready to purchase a new car and was excited by the prospect. To prepare for this​ event, Juan went to the bank to be​ p

re-approved for a​ loan, visited local dealerships to look at cars and​ prices, narrowed down the cars he​ liked, and then purchased the one that had the lowest price. This would be an example of​ _______________.
Social Studies
2 answers:
gladu [14]3 years ago
8 0

Answer:

Satisficing

Explanation:

Juan was ready to purchase a new car and was excited by the prospect. To prepare for this​ event, Juan went to the bank to be​ pre-approved for a​ loan, visited local dealerships to look at cars and​ prices, narrowed down the cars he​ liked, and then purchased the one that had the lowest price. This would be an example of satisficing.

kati45 [8]3 years ago
5 0

Answer:

Satisficing

Explanation:

According to my research on pre-approved loans, I can say that based on the information provided within the question the situation that Juan is in would be an example of the term known as  Satisficing. This is a decision-making strategy has to do with searching through the available alternatives until an acceptability option is found.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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