Final answer:
It is true that companies must prioritize due to various constraints, including competition, which can lead to reduced profits or business closure.
Step-by-step explanation:
It is true that companies cannot do everything they want and must prioritize their actions and resources. Especially in a competitive market, businesses face constraints such as competition from firms offering better or cheaper products, which can reduce a business's profits or even force it out of business. In addition to market competition, there are a variety of factors including regulatory restrictions, limited financial resources, and operational capacities that require businesses to be selective in their strategies and activities. Moreover, the concept of majority rule can indeed fail to produce a single preferred outcome when there are more than two choices due to the possibility of vote splitting and the lack of instant-runoff systems that might otherwise help in reaching a clear majority.