In TCO for a product, _____ include(s) all costs associated with converting the purchased part or material into the finished product and supporting it through its usable life.

Question

Quizplus · Accepted Answer

Usage costs include all costs associated with converting purchased parts or materials into finished products as well as supporting those products through their usable life. This includes things like labor costs, materials, energy usage, maintenance, and repair costs. Purchase price, acquisition costs, end of life costs, and opportunity costs are all important factors to consider in TCO, but they do not fully encompass all costs associated with the product's life cycle.

In TCO for a Product, _____ Include(s) All Costs Associated