Economics A-Level
Satisficing
What Satisficing means in Economics A-Level, as defined for AQA.
Definition of Satisficing
Check what you remember
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Reference: AQA
Aiming for a satisfactory or adequate level of profit rather than strictly maximising it.
Topics that use Satisficing
- The objectives of firms (AQA A-Level)
Related terms
- Bounded rationality
- Business objectives
- Corporate governance
- Corporate social responsibility
- Firm performance and efficiency
- Marginal cost
- Marginal revenue
- Principal-agent problem
Using Satisficing in the exam
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