Using the concepts in Chapter 13, compare the Total Costs of Ownership for “buying” a BS in Business from the Lubar School of Business at UWM (a mainly live school) and a BS in Business from Phoenix University (a mainly online university). Specifically, answer the following questions:
1) Which three topics from Chapter 13 are most applicable to this TOC analysis? Explain.
2) Provide a cost/revenue analysis over the product life for each of the programs. Use tuition data from the websites of both universities for the cost analysis. Use the best available information or your estimates on lifetime earnings based upon receiving degrees at both universities.