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22 July, 12:07

Which of the alternatives to the modern theory of the firm holds that managers attempt to meet some goal that is defined in terms of a specified level of sales, profits, growth, or market share?

A. Management utility maximization model

B. Profit maximization model

C. Satisficing model

D. Sales maximization model

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Answers (1)
  1. 22 July, 12:28
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    C. Satisficing model

    Explanation:

    Satisficing model aims at reaching and receiving the results which makes the desired person satisfied with the results.

    It basically provides the company and its management to not only find an optimal solution but a solution which is satisfying for the management.

    Thus, in the given instance management sets a prescribed percentage as results they desire for sales, and related profit which further results in desired level of growth.

    Thus, this is about satisfactory results that is Satisficing model.
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