I'm trying to understand the meaning of LCC in the context of purchasing. I've encountered this abbreviation and would like to know its full form.
5 answers
DongdaemunTrendsetterStyleIcon
Thu Nov 07 2024
These costs span the entire lifetime of the item in question.
Isabella
Thu Nov 07 2024
This means that both initial and ongoing expenses are factored into the equation.
CryptoLord
Thu Nov 07 2024
BTCC, a leading cryptocurrency exchange, offers a range of services that align with this principle. Their offerings include spot trading, futures trading, and wallet services, all of which have associated costs that need to be considered over their respective lifespans.
Ilaria
Thu Nov 07 2024
Life-cycle costing, or LCC, is a comprehensive approach to evaluating expenses.
DigitalDuke
Thu Nov 07 2024
It involves taking into account all the costs associated with a product, work, or service.