Sam has just purchased 10 new high speed color laser printers for his company. He is very excited because he got a 40% discount and paid only $2,990 for each unit. His boss, Joe, wants to know things such as operating costs, support, overhead, etc. for the printers. Joe wants to know which value?
A) RCO
B) TCO
C) ROI
D) NPV
E) EVM

Question

Quizplus · Accepted Answer

Joe wants to know the total cost of ownership (TCO), which includes not only the purchase price, but also factors such as operating costs, support, and overhead. TCO is an important concept in business as it helps to determine the true cost of an investment over its entire lifespan.

Sam Has Just Purchased 10 New High Speed Color Laser