answersLogoWhite

0

What is joint product?

Updated: 9/11/2023
User Avatar

Wiki User

15y ago

Best Answer

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.

User Avatar

Wiki User

15y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is joint product?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

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


How can enter in global market with new product?

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.


Definition of the Product rule in genetics?

States that the joint probability of two independent events is the product of their individual probabilities


Is ligamine real?

Yes, ligamine is a bone and joint health product.


What is it when two or more businesses link their names to a single product?

a joint venture


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.


Is teamwork a value of joint service?

Teamwork makes joint service work. This value comes across to the recipient of the joint service when teamwork offers an even greater skill, outcome or product for the recipient.


What proven joint supplements can I take?

Glucosamine with Chondroitin is the best pill to take for people like you that have joint pains. I have experience with bad joints and I personally use this product.


What are examples of joint products?

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


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.


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.