Monday, November 18, 2019
The total cost of ownership Coursework Example | Topics and Well Written Essays - 500 words
The total cost of ownership - Coursework Example According to the research findings, it can, therefore, be said that anti-dumping costs, for example, are associated costs that the government wants the consumer to meet based on the suitability and the usability of a product. The government argues that importing an electronic into the country increases the cost of cleaning up the environment since after using the product a consumer is likely to dump the same in the country. Coupled with the countervailing duties, the cost of importing a product into the country thus increases significantly. The total cost of ownership depends on various factors and includes numerous elements of a transaction. These include the cost associated with the pre transaction the transaction and post transaction. The three are vital and have numerous undertakings all of which have financial implications thus contributing to the total cost of ownership. Such costs as the cost of qualifying sources, the price of the product, transportation costs and follow up a nd correction costs are some of the basic costs whose values contribute to the cost of ownership. Additional factors that increase the total cost of ownership especially for global supply chains are duties levied by the government. Import duties are levies that a government attaches to every product that enters the country. Such are important taxes that coincidentally increase the cost of doing business thus raising the total cost of ownership.