Hi everyone, so there is a great video on buffer stocks here, explaining clearly how the buffer stock scheme works.
This guy is absolutely amazing, so do check out his other videos!
Saturday, 29 October 2011
Relating to organisational theories and growth of firms, satisficing means achieving minimum targets that are acceptable and satisfactory to all stakeholders that make up the firm, managers, shareholders...etc.
Helps resolve the conflicts that form between shareholders' and managers' objectives