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Newer page: | version 3 | Last edited on Thursday, July 7, 2005 2:11:39 pm | by DanielLawson | Revert |
Older page: | version 2 | Last edited on Thursday, July 7, 2005 2:11:01 pm | by DanielLawson | Revert |
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An [Acronym] for __T__otal __C__ost of __O__wnership.
A term used to describe the overall cost of a particular item, including all facets of using it. For example, administration, maintenance, licensing costs, updates and end-user training, as well as initial capital outlay.
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+Often used and abused by marketing departments when giving skewed data/ costs -- eg see CompetitiveComparisons .