unit cost Meaning in the Cambridge English Dictionary
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Meaning of “unit cost” in the English Dictionary

"unit cost" in Business English

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unit costnoun [C]

uk   us   ACCOUNTING, PRODUCTION
the ​cost of ​producing one ​singleproduct, ​calculated by ​dividing the ​cost of ​producing a ​group of ​products by the ​numberproduced: Average ​unitcosts for SMEs have ​risen for the 18th ​quarter in ​succession. higher/​lowerunitcostsreduce/cut unit costs Firms can still ​cut their ​unitcosts by ​expanding their ​markets.
(Definition of unit cost from the Cambridge Business English Dictionary © Cambridge University Press)
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