A big industrial firm is interested in evaluating the potential purchase of a machine.In order to do this,managers should look at ___________.

Question

Quizplus · Accepted Answer

In order to make an informed decision about purchasing a machine, managers should look at the total costs over the life of the machine, which includes not just the purchase price but also maintenance costs, insurance, and service contracts. Focusing solely on one-time purchase price or first-year maintenance costs may not provide an accurate picture of the true cost of ownership.

A Big Industrial Firm Is Interested in Evaluating the Potential