Operations and Supply Chain Management (Mcgraw-hill Education)
Operations and Supply Chain Management (Mcgraw-hill Education)
15th Edition
ISBN: 9781259666100
Author: F. Robert Jacobs, Richard B Chase
Publisher: McGraw-Hill Education
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Chapter 16, Problem 9OQ
Summary Introduction

To explain: The three main categories of costs taken into consideration while understanding the total cost of ownership.

Total cost of ownership (TCO):

It is the monetary assessment developed to support the buyers and owners for determining the cost with respect to its direct and indirect nature of a product or a system.

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