Ghost Potential Occurs When Competitors Get Scared from Competitive Intensity

question 2

True/False

Ghost potential occurs when competitors get scared from competitive intensity and abandon a market.

Acknowledge the influence of cost assignments on management's pricing and product decisions.

Recognize the importance of accurately allocating overhead costs and the impact of different allocation methods on product cost accuracy.

Understand the steps involved in activity-based costing and its purpose in overhead cost allocation.

Recognize how direct labor hours and machine hours are used as allocation bases in different overhead costing methods.