- Created by: Annabel smith
- Created on: 05-02-15 16:45
- Profit satisficing
- Level One: Where firms seek to make a profit whilst also satisfying the needs and wants of all stakeholders
- Level 2: Profit satisficing is often seen in coach operator and small haulage, who aim to survive
- Level 3: Modern firms are often complex business organisations involving many stakeholders.
- stakeholders' objectives are often in conflict and this may = firms pursuing a broad variety of strategies