unit cost
noun[C]
ACCOUNTING,PRODUCTIONukusthecostofproducingonesingleproduct,calculatedbydividingthecostofproducingagroupofproductsby thenumberproduced:
Averageunitcostsfor SMEs haverisenfor the 18thquarterinsuccession.
higher/lowerunitcosts
reduce/cut unit costsFirms can stillcuttheirunitcostsbyexpandingtheirmarkets.