This term represents the purchase price of an asset plus the costs of operation, a bigger picture look at what the product is and what its value is over time.

When choosing among alternatives in a purchasing decision, buyers should look not just at an item's short-term price, known as its purchase price, but also at its long-term price.. The item with the lower______________ is the better value in the long-run.

	A.	Cashflow
	B.	Opportunity Costs
	C.	Total Cost of Ownership
	D.	Inventory Turns

Higher inventory levels often disguise underlying problems.

List up four problems that might be "covered up" by holding excesve inventories.