The combination of the purchase price of a good and additional costs incurred before or after product delivery can be referred to as:
A) Total cost of acquisition
B) Total cost of ownership
C) Purchase requisition cost
D) Total procurement cost

Question

Quizplus · Accepted Answer

Total cost of ownership includes both the purchase price and any additional costs incurred before or after product delivery, such as installation, maintenance, repairs, and disposal fees. This provides a more accurate representation of the overall cost of the product over its entire lifespan, rather than just the initial purchase price.

The Combination of the Purchase Price of a Good and Additional