Final answer:
False. The decision to drop a product does not always have to be a unanimous decision of the management team.
Step-by-step explanation:
The decision to drop a product does not always have to be a unanimous decision of the management team. In fact, majority rule is often used in decision-making processes within organizations. When there are more than two choices, majority rule can be used to determine the preferred outcome.
However, it is important to consider the opinions and perspectives of all members of the management team. In some cases, a consensus decision may be preferred over a majority vote to ensure that all stakeholders are satisfied with the outcome.
Consensus decision-making involves reaching an agreement that everyone can accept, rather than simply relying on a majority vote. This approach can be beneficial in situations where collaboration and cooperation are important.