Key Concepts of Total Cost of Ownership Cost Management Discussion Question Cost Management. Please respond to the following:Describe three (3) key concepts you consider most important in the total cost of ownership.Describe how price discounting would influence the understanding of purchasing as a profit center.Explain what and how a small business can apply and benefit from the strategic cost management. Give at least two (2) examples.Describe one (1) of your business negotiation experiences. Explain how your negotiation impacted directly and/or indirectly to the profit and/or the expense of your company or organization. If you do not have business negotiation experience, describe one (1) business negotiation experience you observed or learned about.
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