Question

What is total cost of ownership?

A. It is the expenditure involved in raising capital for a sole proprietorship.
B. It is the expenditure involved in the purchase, use, and maintenance of a product.
C. It is the expenditure involved in securing the owners against business losses and debts.
D. It is the expenditure involved in owning any kind of business in a market economy.

Answer 1

b

Step-by-step explanation:

Answer 2

B

Step-by-step explanation:

Another definition:

It is the purchase price of an asset + the costs of operating the asset