Daniel has started a small shoe manufacturing company.He does not want the best equipment at the moment,so he is using equipment that is good enough to work with.In this scenario,Daniel is _____.
A) maximizing
B) discounting
C) specializing
D) satisficing

Question

Daniel has started a small shoe manufacturing company.He does not want the best equipment at the moment,so he is using equipment that is good enough to work with.In this scenario,Daniel is _____.
A) ​maximizing 
B) ​discounting 
C) ​specializing 
D) ​satisficing

Quizplus · Accepted Answer

Daniel is choosing to use equipment that is good enough for his current needs, rather than investing in the best. This is an example of satisficing, which means making a decision that is good enough or satisfactory, but not necessarily the best possible option.

Daniel Has Started a Small Shoe Manufacturing Company