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FOL Quizzes - ACCT7007 Managemer X *Homework Help - Q&A from Onl x Course Hero X + X C A fanshaweonline.ca/d21/Ims/quizzing/user/attempt/quiz_start_frame_auto.d21?ou=1219443&ispry=&drc=0&qi=765058&cfql=08dnb=0&fromQB=0 M Midterm Exam F2021 X Time Limit: 2:05:00 Time Left: 1:26:31 Meet Shah: Attempt 1 Page 1: Question 14 (1 point) 1 () Listen The benefits of adopting ABC/ABM are higher for companies in competitive markets Page 2: because 2 the more competitive the market, the more likely the competition is using ABC. accurate product cost information is essential to be competitive, regardless of O Page 3: the cost. ABM allows managers to ignore competition when making pricing decisions thus 3 making more accurate decisions. C ABM can pinpoint opportunities for cost savings, which increase the company's Page 4: profit or are passed on to customers through lower prices. ABC/ABM should not be used in a competitive market because traditional costing is less expensive allowing for lower prices. Previous Page Next Page Page 14 of 26 Type here to search 9 4:11 AM 10/30/2021