word
total cost of ownership
TOH-tul KOST ov OH-ner-ship
ˈtoʊtəl kɒst ɒv ˈoʊnərʃɪpListen
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Syllable breakdown
totalcostofownership
Dictionary meaning
comprehensive assessment of the direct and indirect costs of acquiring, using, and disposing of a product over its entire life; goes beyond purchase price to include maintenance, training, and disposal
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