When you control unit costs while maintaining quality, you can offer value to your customers. Reduced costs allow you to price your products competitively and invest in the features that solve ...

Labor can account for the largest expense of manufacturing products. You should always keep track of your labor cost per unit to make sure that wages are not growing faster than profits. To do this, ...

As you consider starting or expanding a business, one helpful tool is understanding your unit costs. This is important whether you are offering a service or a product. Simply stated, your unit cost is ...

Today’s economic uncertainty is leaving CEOs with little choice but to cut large line-item costs, reduce their workforce and reexamine their unit economics—their overall “cost to revenue ratio”—in ...

The world of microeconomics and business decision-making hinges upon a key concept: marginal cost. In the simplest terms, marginal cost represents the expense incurred to produce an additional unit of ...