Unit price is:
I. another term for unit cost
II. the price for 1 unit of a product
III. another term for the least common denominator
A) II only
B) I only
C) III only
D) both I and II

Question

Unit price is: 
I. another term for unit cost 
II. the price for 1 unit of a product 
III. another term for the least common denominator
A) II only
B) I only
C) III only
D) both I and II

Quizplus · Accepted Answer

Unit price is most commonly used to refer to the price for one unit of a product, but it can also be used interchangeably with unit cost. It is not related to the least common denominator, so option C is incorrect.

Unit Price Is