Q84. Differentiate between Joint Product and By-Product.
- Joint Product of equal importance where as By-Product are of small economic value.
- Joint Product is produced simultaneously but By-Products are produced incidentally in addition to main product.
Q83. What do you mean by Joint Product, Co- Product and By-Product?
Joint Product: Joint Product represents two or more products separated intercourse of same processing operation usually requiring further processing, each product being in such proportion that no single product can be designed as a major product. In other words, two or more products of equal importance, produced simultaneously from the same process are known as joint product. Read More …