Question

What is total cost of ownership (tco) and why is it important

Answer 1

Total cost of ownership is the cost of a product plus all the costs associated with the owning of the item along with depreciation. TCO calculations are important as these determine whether a certain purchase really is within budget.

Answer 2

Answer:

Total cost of ownership is the cost of a product plus all the costs associated with the owning of the item along with depreciation. TCO calculations are important as these determine whether a certain purchase really is within budget.