Business GCSE
Unit cost
What Unit cost means in Business GCSE, as defined for AQA.
Definitions of Unit cost
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Reference: AQA
The average cost of producing one unit, calculated as total costs divided by output.
The variable costs plus a share of fixed costs divided by output.
Topics that use Unit cost
- The elements of the marketing mix: price, product, promotion and place (4Ps) (AQA GCSE)
- The role of procurement (AQA GCSE)
Related terms
- Just-in-Time (JIT)
- Price
- Profit margin
- Access to customers
- Adaptation and reaction
- Adaptation to change
- Advertising
- Analysing supplier choice in context
Using Unit cost in the exam
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