Total Cost of Ownership (TCO) is a way to evaluate the complete cost of an asset, including initial purchase, maintenance, repairs, and other associated costs. TCO is commonly used in the automotive and technology industries, and individuals can benefit from TCO analysis when making major purchases. TCO can also consider intangible costs such as security […]

Total cost of ownership (TCO) is the full cost of an asset, including acquisition, maintenance, repairs, and associated costs. TCO is commonly used in the automotive and technology industries, and individuals should analyze TCO for major purchases. TCO for information technology can be up to four times the initial cost, and associated costs such as […]