Step 1 :Let's denote the number of pounds of cheese as \(c\) and the number of pounds of meat as \(m\).
Step 2 :The cost of cheese per pound is $5.99, so the total cost for \(c\) pounds of cheese is \(5.99c\).
Step 3 :The cost of meat per pound is $7.99, so the total cost for \(m\) pounds of meat is \(7.99m\).
Step 4 :Therefore, the statement 'Each pound of cheese costs $5.99' is true.