Answer: Satisficing
Explanation:
The satisficing is one of the concept that helps in the making the various types of decisions based on the given situation and it also helps increase the profit by supporting the business management.
The satisficing is one of the important approach that helps in providing the satisfactory solutions and also effectively managing the operations and the functions.
According to the given scenario, the given concept is best illustrating about the satisficing as the company cannot afford the new fully automatic machines so they decided to modifying the existing machines based on the requirement the firm.
Therefore, Satisficing is the correct answer.