ECONOMICS

Detailed explanation-1: -Explanation: C) Nominal group technique is a group decision-making method in which individual members meet face to face to pool their judgments in a systematic but independent fashion.

Detailed explanation-2: -Group decision making is a type of participatory process in which multiple individuals acting collectively, analyze problems or situations, consider and evaluate alternative courses of action, and select from among the alternatives a solution or solutions.

Detailed explanation-3: -Within group decision-making, decisions not only affect the individual, but affect each member of the group. Decision-making is the method or action of thinking through a process and coming to a consensus. Therefore, group decision-making is the coming to a consensus with multiple individuals in a collaborative nature.

Detailed explanation-4: -Consensus Decision Making In simple terms, consensus refers to agreement on some decision by all members of a group, rather than a majority or a select group of representatives. The consensus process is what a group goes through to reach this agreement.

Detailed explanation-5: -Nominal Group Technique (NGT) was developed to help with group decision making by ensuring that all members participate fully.