Question
As per the behavioural theory of decision making by
Herbert Simon, there are three essential stages in the act of problem solving and decision making. What did he call the stage that relates to deciding the criteria by which to make decisions?Solution
Behavioral approach is also known as descriptive approach and administrative model. This theory is proposed by Herbert A Simon, a well known economist, in which he attempts to explain how decisions are made in real life situations. A manager has to make decisions under different conditions and situations. 
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