An Activity-Based Costing System Is Generally More Difficult to Set

question 191

True/False

An activity-based costing system is generally more difficult to set up and run than a traditional cost system.

Identify the global economic factors affecting marketing strategies and operations.

Describe the role and functions of international and regional trade agreements.

Understand how income distribution affects market targeting and segmentation strategies.

Understand the impact of external forces like technology on marketing strategies.

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Definitions:

Competitive Pressures

Forces or factors in the external environment that compel organizations to adapt, innovate, and continually improve to maintain or enhance their market position.

Operations Expenses

Operations expenses refer to the costs associated with the day-to-day activities of maintaining a business, including manufacturing, marketing, and administrative expenses.

Indirect Political Risk

The potential for losses or negative impacts on a business due to political decisions or events that indirectly affect the operating environment.

Collateral Damage

Unintended or incidental damage or casualties not directly intended by the action.