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Q: What is the importance of total cost of ownership?
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Total cost ownership different from procurement under the lowest purchasing price?

what is the differnce between total cost ownership and procurement under the lowest purchasing price philosophy?


What TCO stand for?

TCO stands for Total Cost of Ownership.


What does the term total cost of ownership mean?

The term total cost of ownership means the following; a financial estimate, the term used to help the consumer and enterprise managers to know the cost of the product directly or indirectly, and a management account concept that is used in full cost accounting.


When calculating the total cost of ownership of a printer it is necessary to consider the cost of the consumables Which two consumables are associated with an inkjet printer?

ink cartridge & paper


What is the differences between a fluroscent grow light and a led grow light?

LED grow lights have a longer useful life than fluorescent lights, as long as 15 years for some fixtures, and thus a lower "total cost of ownership." The total cost of ownership includes the cost to buy the light, use it, and replace expired bulbs. One manufacturer estimates that the total cost of owning an LED grow light over five years is about half the cost of a comparable fluorescent lights.


What is the Importance of marginal costing in decision making?

Marginal cost is change in total cost due to increase or decrease one unit or output. It is technique to show the effect on net profit if we classified total cost in variable cost and fixed cost.


What are the importance cost sheet?

what are the importance of cost sheet?


When considering the purchase of a new operating system what is meant by Total Cost of Ownership?

Purchase of the equipment as well as installation and support costs


Outcomes result from the early implementation of RAM design principles in both Systems Engineering and sustainment processes?

Increased Total Ownership Cost (TOC)


Importance of cost control in project management?

Importance of cost control in project management?


What are some of the things that contribute to the TCO of a water cooled chiller?

The total cost of ownership depend on many factors. The most important is the amount of water to be treated.


The Middle Ages in Western Europe was characterized by what?

the manor system and the importance of land ownership