_____ includes ongoing support and maintenance costs,as well as acquisition costs.
A) CRC (customer relationship costs)
B) TCO (total cost of ownership)
C) JIT (just-in-time costs)
D) RCT (real cost of time)

Question

Quizplus · Accepted Answer

TCO stands for Total Cost of Ownership which includes not only the acquisition costs but also ongoing support and maintenance costs over the entire life of the product or service. CRC refers to the costs of maintaining customer relationships, JIT refers to the cost of implementing just-in-time inventory systems, and RCT is not a commonly used acronym in business.

_____ Includes Ongoing Support and Maintenance Costs,as Well as Acquisition