Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “unit cost”

unit cost

noun [C]
 
 
ACCOUNTING, PRODUCTION
the cost of producing one single product, calculated by dividing the cost of producing a group of products by the number produced: Average unit costs for SMEs have risen for the 18th quarter in succession. higher/lower unit costsreduce/cut unit costs Firms can still cut their unit costs by expanding their markets.
(Definition of unit cost from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of unit cost?
Add Cambridge dictionaries to your browser to your website

Word of the Day

microbrewery

a small company that makes beer, usually using traditional methods, and often has a restaurant where its beer is served

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More