unit cost

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Unit Cost

The amount that a company spends to produce or purchase one unit of a good or service. For example, if a company buys 100 widgets for $100, the unit cost is $1.

unit cost

see AVERAGE COST.
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For priced services, a decline in unit cost has been particularly noticeable in the electronic payment areas.
Statement by Wayne D. Angell and Edward W. Kelley, Jr., members, Board of Governors of the Federal Reserve System, before the Subcommittee on Domestic Monetary Policy of the Committee on Banking, Finance and Urban Affairs of the U.S. House of Representatives, May 27, 1992
We expect to reduce unit costs by a further 10 per cent, to below US$90 per tonne, in the 2015 financial year as we continue to increase throughput from our installed infrastructure.
United States : Maximising Value and Shareholder Returns
From 1987 to 1988 we have seen an increase in overall unit costs of 1.
Statements to Congress

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