Which of the following explains 'Total Cost of Ownership (TCO)'?
A) Relates to the initial costs of the product that is purchased.
B) Relates to the total costs that the company will incur over the lifetime of the product that is purchased.
C) Relates to the marginal costs that the company will incur over the lifetime of the product that is purchased Facilities Management
D) Relates to the total costs that the company will incur over the first year of the product that is purchased.

Question

Which of the following explains 'Total Cost of Ownership (TCO)'? 
A) Relates to the initial costs of the product that is purchased. 
B) Relates to the total costs that the company will incur over the lifetime of the product that is purchased. 
C) Relates to the marginal costs that the company will incur over the lifetime of the product that is purchased Facilities Management 
D) Relates to the total costs that the company will incur over the first year of the product that is purchased.

Quizplus · Accepted Answer

Total Cost of Ownership (TCO) relates to the total costs that the company will incur over the lifetime of the product that is purchased, including costs such as maintenance, upgrades, and disposal.

Which of the Following Explains 'Total Cost of Ownership (TCO)