Question 1
Firms that engage in satisficing behaviour are likely to be
◦ like other firms in their industry.
◦ leading firms in their industry.
◦ unlike other firms in their industry.
◦ growth maximisers.
Question 2
Just-in-time production methods will
◦ require relatively high managerial control of production.
◦ reduce warehousing costs.
◦ lower organisational slack.
◦ all of the above.