Question: Optimize, Satisfice, Classical, Behavioral - they all make my brain ache. However, we did read about this in our book. I have always been interested

Optimize, Satisfice, Classical, Behavioral - they all make my brain ache. However, we did read about this in our book. I have always been interested in the idea of how to assess a new product introduced into the market for the very first time (think Henry Ford's first car or Apple's first iTunes). We would say they had to make a "satisficing" decision. What does satisficing mean? Group of answer choices When considering a non-programmed decision (needing creativity) you "optimize" Rationality becomes your fallback position in decision-making In an unclear situation you attempt to choose a decision alternative that should work In a clearly defined problem, you implement a best solution among known alternatives You follow the classical decision-making model to determine your approach

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