Question: Question 7 1 Point Colton is exploring multiple suppliers in order to find the best price. However, instead of calling all eight potential suppliers, he

Question

7

1

Point

Colton is exploring multiple suppliers in order to find the best price. However, instead of calling all eight potential suppliers, he only reaches out to the first three and bases his selection on those instead of contacting all suppliers. Colton's action best describes the concept of

satisficing.

escalating commitment.

the illusion of control.

optimal decision making.

Question 7 1 Point Colton is exploring multiple suppliers in order

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