Meaning of “unit cost” in the English Dictionary

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"unit cost" in Business English

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unit costnoun [ C ]

uk us 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.
reduce/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)