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This is a product that has the highest sales value from amongst a group of products that are the result of a joint production process.

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16y ago

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What is difference between joint product and by product?

joint product has a high price value whereas by-product has a low price value. joint products are 2 or more products simultaneously produced. whereas by-product is recovered incidentally


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Do it through a joint venture with the firm of some complementary product


Differentiate joint product and by-product?

Joint products are two or more products manufactured simultaneously through the same process. The common manufacturing costs are called joint costs. Each product has a significant market value. Example - Gasoline and Kerosene are joint products of crude oil refining. On the other hand, a by-product has significantly lower sales value compared to the firm's main manufactured product. Therefore, it does not affect the decision to produce. Example - saw dust from lumber mills, bone from meat packing etc.


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What are the difference between the joint product and by product?

By Product- products recovered from material discarded in a main process or from the production of some major products where the material value is to be considered at the time of severance from the main product.


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What is the product of joint force development?

The product of joint force development is a cohesive and interoperable military force that can effectively operate across multiple domains and with different service branches. This includes the integration of capabilities, training, doctrine, and tactics to achieve strategic objectives.


Why is joint-ritis discontinued?

It is likely that there is a misunderstanding, as no specific product named "joint-ritis" is known to be discontinued. It's possible that the product might have been rebranded or reformulated under a different name or that the information provided is inaccurate. It's recommended to verify the details from reliable sources.


What are joint variation equations?

Joint variation equations are equations that have a variable equal to the product of two or more other variables and usually a coefficient. For example, an equation like x=2yz.


10) What is the product of joint force development?

The product of joint force development is a cohesive and integrated military force capable of executing a wide range of missions effectively and efficiently. It involves the coordination and synchronization of resources, capabilities, and personnel across multiple branches of the military to achieve common objectives.


What is the between derived demand and joint demand?

Derived demand occurs when there is a change of customers' demand on particular product and produces have to buy new production equipment, which means that the change in consumer demand for a product affects demand for all firms involved in the production of that product. Joint demand has nothing to do with changing the production equipments. In this case, demand of the product depends on demand of its compliment. For example, demand on inc depends on demand on printers.