Satisficing means selecting the first alternative that is "good enough," because the costs in time and effort are too
great to optimize.

Name: Satisficing means selecting the first alternative that is "good enough," because the costs in time and effort are too great to optimize.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Satisficing involves choosing an option that meets a minimum threshold of acceptability, rather than seeking the optimal solution. This is typically done when the costs of further searching or analyzing options are too high.

Satisficing Means Selecting the First Alternative That Is "Good Enough