Total cost of ownership (TCO) is a financial estimate intended to help buyers and owners determine the direct and indirect costs of a product or service. It is a management accounting concept useful in full cost accounting or even ecological economics, where it includes social costs.
Total cost of ownership (TCO) is a financial estimate intended to help buyers and owners determine the direct and indirect costs of a product or service. It is a management accounting concept useful in full cost accounting or even ecological economics, where it includes social costs.
Source: Wikipedia "Total cost of ownership" · CC BY-SA 4.0
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