unit cost is also called as
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The unit cost, also known as the breakeven point, is the minimum price at which a company must sell the product to avoid losses. As an example, a product with a breakeven unit cost of $10 per unit must sell for above that price. Revenue above this price is company profit.
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The Correct Answer would be Breakeven Point. Unit Cost is also called as Breakeven Point. It is the minimum value at which a company must be selling its product to avoid unnecessary losses.
Explanation:
A Unit Cost is the total expenditure spend by a company in order to produce, store, as well as sell a unit of a particular good or service.
Various successful companies always seek ways in such a way to improve the overall bearing unit cost of their products by managing the fixed and variable costs accordingly. In general, unit costs represent the total expenditure involved in creating a unit of a service.
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