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Total cost of ownership analysis

Understanding Total Cost of Ownership: The Key to Smarter Business Decisions

In today’s competitive business landscape, understanding the Total Cost of Ownership (TCO) is crucial for making informed decisions. While initial purchase price may influence buying decisions, it doesn't convey the complete financial picture. TCO encompasses all costs associated with a product or service throughout its lifecycle, including acquisition costs, operation, maintenance, and eventual disposal. This article explores the importance of…

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