select the correct answer.\nwhat is total cost of ownership?\n\na. it is the expenditure involved in raising…

select the correct answer.\nwhat is total cost of ownership?\n\na. it is the expenditure involved in raising capital for a sole proprietorship.\nb. it is the expenditure involved in the purchase, use, and maintenance of a product.\nc. it is the expenditure involved in securing the owners against business losses and debts.\nd. it is the expenditure involved in owning any kind of business in a market economy.

select the correct answer.\nwhat is total cost of ownership?\n\na. it is the expenditure involved in raising capital for a sole proprietorship.\nb. it is the expenditure involved in the purchase, use, and maintenance of a product.\nc. it is the expenditure involved in securing the owners against business losses and debts.\nd. it is the expenditure involved in owning any kind of business in a market economy.

Answer

Brief Explanations:

Total cost of ownership includes all costs from purchase to disposal, covering purchase, usage, and maintenance. Option B correctly defines it in this context.

Answer:

B. It is the expenditure involved in the purchase, use, and maintenance of a product.