Business Studies, asked by shykhnoorainbaz8666, 10 months ago

Explain maximizing, satisficing & optimizing strategies.

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Answered by Anonymous

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Satisficing is a decision-making strategy or cognitive heuristic that entails searching through the available alternatives until an acceptability threshold is met. ... Some consequentialist theories in moral philosophy use the concept of satisficing in the same sense, though most call for optimization instead

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