Write the Correct Meaning for ROM

question 12

Short Answer

Write the correct meaning for ROM:

Recognize the importance of building brands from the inside out for consistency and delivery on brand promises.

Identify strategies for aligning customers/stakeholders, employees, and the organization to ensure brand consistency.

Comprehend the nature of gaps that may emerge in brand perception among different groups and how to address them.

Grasp the significance of brand audits and customer journey analyses in maintaining brand consistency.

---

Definitions:

Plantwide Overhead Rate

A single overhead absorption rate used throughout a factory or plant for allocating overhead costs to products.

Activity-based Costing

An accounting method that identifies the activities that incur costs and then assigns indirect costs to products based on their use of those activities.

Designing

The process of planning and creating something with a specific function or intention in mind.

Product-level Activity

Product-level activity refers to tasks or operations directly associated with a specific product, impacting its cost and production process.