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According to the Total Life Cycle Concept,minimizing the Cost of Ownership

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According to the total life cycle concept,minimizing the cost of ownership of a product over its useful life means:


Definitions:

Ideological Reasoning

The process of thinking or making judgments that are influenced strongly by a specific set of beliefs or a particular ideology.

Top-Down Thinking

An analytical approach that begins with the broader, general concepts before breaking them down into more specific, detailed components.

Deductive Reasoning

A reasoning method where the outcome is derived from the agreement of several statements that are usually considered accurate.

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