Definition, Meaning & Synonyms
TCO
noun
/tiː siː oʊ/
Definition
Total Cost of Ownership
Examples
- The TCO of a vehicle includes not just the purchase price, but also insurance, fuel, and maintenance costs.
- When comparing different software solutions, consider the TCO to determine the most economical choice.
Meaning
TCO refers to the overall economic measure of the total cost of acquiring, operating, and maintaining an asset throughout its lifecycle.
Synonyms
- Cost analysis
- TOTAL cost
- Lifecycle cost
