Answer:
The long-term benefits and maintenance costs should be consider when making a significant purchase. Option (b) is true.
Step-by-step explanation:
Considering long-term benefits and maintenance costs when making a significant purchase is crucial for making informed and financially prudent decisions.
Long-Term Benefits:
Evaluating the long-term benefits involves looking beyond the immediate advantages of a purchase and considering how the item will serve your needs over an extended period.
This may include features, functionality, and durability that contribute to the item's value over time.
Maintenance Costs:
Assessing maintenance costs is essential to understand the ongoing expenses associated with owning and using the item.
Some products may have lower upfront costs but higher maintenance expenses, making them less cost-effective in the long run.
Financial Planning:
Considering long-term benefits and maintenance costs aligns with effective financial planning.
It helps individuals budget for not only the initial purchase but also for any additional expenses that may arise throughout the item's lifespan.
Total Cost of Ownership:
The total cost of ownership encompasses the initial purchase price, ongoing maintenance costs, and any potential repairs or upgrades.
Value for Money:
By looking beyond the immediate cost, individuals can assess the value for money offered by a product.
A more expensive item with lower maintenance costs and greater longevity may provide better value over time.
Researching Alternatives:
Researching alternatives is a key part of making an informed decision.
It allows individuals to compare different products, brands, and models to find the one that best meets their needs and offers the most favorable long-term outcomes.
Thus, option (b) is true.