Total cost of ownership (TCO) stands for a method for determining the total cost of an investment. The costs for implementation, training, operation, and maintenance are added to the pure purchase price.
The approach is designed to help consumers and businesses estimate all the costs of capital goods, especially in IT. The idea here is to obtain a statement that includes not only the acquisition costs but also all aspects of later use, such as energy costs, repair, or maintenance of the components concerned.
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