Business A-Level
unit labour cost
What unit labour cost means in Business A-Level, as defined for AQA.
Definition of unit labour cost
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Reference: AQA
The cost of labour per unit, which depends on the wage rate set against labour productivity, so a wage saving can disappear if productivity does not rise or hold up.
Topics that use unit labour cost
- Assessing globalisation and internationalisation (AQA A-Level)
Related terms
- competitive rivalry
- contribution per unit
- cultural distance
- Economies of scale
- emerging economy
- exchange rate movements
- falling transport and communication costs
- franchising
Using unit labour cost in the exam
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