Question: 1.What are the two broad cost categories? List few examples on each category 2.Why in ABC or Preto analysis method, A items are important to

1.What are the two broad cost categories? List few examples on each category

2.Why in ABC or Preto analysis method, A items are important to concentrate on? Can you list few major cost management approach for A items?

3.What is Total Cost of Ownership (TCO) and how is it determined. Provide an example. please list 4 types of TCO cost associated categories.

4.What are the challenges to identify TCO cost?

5.What are the five major areas for negotiations? Please list some examples on each area.

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