Focus on total cost of ownership

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Select a product from a product-based firm and answer these questions regarding your selection:

Explain and discuss the six categories of costs.

Explain and discuss how an organization can benefit from a focus on total cost of ownership.

Explain and discuss relevant costs.

Explain and discuss the following:

Downtime costs

Cycle time costs

Conversion costs

Non-value-added costs

Supply chain costs

Product liability costs

Customer satisfaction costs

Reference no: EM132774498

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