When an acceptable purchasing alternative has been identified and is taken without an effort to seek an optimal solution, the process is called:
A)decision maximization.
B)satisficing.
C)utilization.
D)standardization.

Question

Quizplus · Accepted Answer

The process of taking an acceptable alternative without seeking an optimal solution is known as satisficing. Option A, decision maximization, refers to selecting the best option among all available alternatives. Option C, utilization, involves making good use of resources that are already available. Option D, standardization, refers to developing and adhering to standard procedures for purchasing, production, or other within a company.

When an Acceptable Purchasing Alternative Has Been Identified and Is