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Total Cost of Ownership (TCO)

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Total Cost of Ownership (TCO) is the purchase price of an asset plus the costs of operation. Assessing the total cost of ownership represents taking a bigger picture look at what the product is and what its value is over time.

When choosing among alternatives in a purchasing decision, buyers should look not just at an item's short-term price, known as its purchase price, but also at its long-term price, which is its total cost of ownership. The item with the lower total cost of ownership is the better value in the long run.


dido/public/ra/xapend/xapend.a_glossary/t/totalcostown.txt · Last modified: 2021/10/04 13:40 by
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