Define and explain the elements that make TCO

Identify a relevant economic article from a newspaper
July 9, 2020
Family Home and Dream House
July 9, 2020

Define and explain the elements that make TCO

Paper instructions:
When we talk about acquiring a software application the text talks about return on investment (ROI). One equation for ROI is:

Profit or Cost Savings / Total Cost of Ownership. Profit and Cost Savings are straight forward concepts, but what is the Total Cost of Ownership (TCO). Define and explain the elements that make TCO.

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