According to the satisficing model of management behavior,the goal of a firm is to:
A)achieve a satisfactory level of performance against a benchmark.
B)satisfy customers,employees,and shareholders.
C)maximize the gain to society and not just to shareholders.
D)maximize sales revenue and not necessarily the value of the firm.
E)maximize its market share even at the cost of profit.

Question

Quizplus · Accepted Answer

According to the satisficing model, the goal of a firm is to achieve a satisfactory level of performance against a benchmark. This means that the firm aims to reach a certain level of performance that is considered acceptable by its stakeholders, rather than trying to maximize performance at all costs. Therefore, option A is the best choice.

According to the Satisficing Model of Management Behavior,the Goal of a Firm