Business Studies, asked by strongbeleiver07, 4 hours ago

Explain bounded rationality with example in management​

Answers

Answered by raginiyadav99075
8

This is your answer

Thank u.

Attachments:
Answered by Anonymous
2

\huge\red{\boxed{\orange{\mathcal{\overbrace{\underbrace{\fcolorbox{red}{pink}{{\red{❥αղsաҽɾ♡࿐}}}}}}}}}

  • ❥Bounded rationality is the theory that consumers have limited rational decision making, driven by three main factors – cognitive ability, time constraint, and imperfect information. For example, when ordering at a restaurant, customers will make suboptimal decisions because they feel rushed by the waiter.
Similar questions