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COMMERCE GLOSSARY

Commerce Glossary

A comprehensive resource to help you master the language of commerce.

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What is Average Cost of Service?

av - er - age cost of ser - vice

noun

This is a business metric that shows the total costs involved in providing a service.

How Does the Average Cost of Service Work?

Average Cost of Service is calculated by tracking all the costs directly involved in manufacturing and handling a product or delivering a service.

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