What Does TAC Stand For?
TAC stands for Total Average Cost
Total Average Cost (TAC) refers to the total expenses incurred in the production or provision of goods and services, divided by the total quantity produced. It provides a comprehensive view of the average cost per unit, incorporating both fixed and variable costs. TAC is a critical metric for businesses, as it aids in pricing strategies, financial analysis, and decision-making to enhance profitability and efficiency.
Added on 14th April 2008 | Last edited on 16th June 2025 | Edit Acronym