Discuss the below in a 200 words:
With information that you gained from an Internet and literature search, discuss the concept of satisficing. In your answer, discuss the positive and negative aspects of applying satisficing in decision-making.
You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.
Bazerman, M. H., & Moore, D. A. (2009). Judgment in managerial decision making (7th custom ed., 4-6). Hoboken, NJ: Wiley.