unit cost

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Definitions from WordNet

Noun unit cost has 1 sense

unit cost - calculated cost for a given unit of a product
--₁ is a kind of cost

Definitions from the Web

Term: Unit Cost

Description:

Unit cost is a financial term that refers to the average cost incurred to produce or purchase a single unit of a particular product or service. It is calculated by dividing the total cost by the quantity of units produced or purchased.

Sample sentences:

The unit cost of manufacturing a mobile phone is constantly decreasing due to advancements in technology.
When comparing suppliers, it's important to consider not only the unit cost but also the quality of the products.
By finding ways to reduce unit costs, companies can increase their profit margins.