Which of the following defines profit satisficing?
A) when profits are the only objective of a firm
B) where satisfactory profits are insufficient
C) when a firm is unable to maximise profits and so simply accepts whatever profit level it can achieve
D) where decision makers in a firm aim to for a target level of profit rather than the absolute maximum level

Question

Quizplus · Accepted Answer

Profit satisficing occurs when decision makers aim for a satisfactory level of profit rather than maximizing profits, often balancing other objectives or constraints.

Which of the Following Defines Profit Satisficing