A joint product is: a. any product produced by a company with more than one product line. b. one of several products produced from a common input. c. any product which consists of several parts. d. any product involved in a make or buy decision.

Question

Walter Walter

Business

12 February, 08:36

A joint product is: a. any product produced by a company with more than one product line. b. one of several products produced from a common input. c. any product which consists of several parts. d. any product involved in a make or buy decision.

+1

Answers (1)

Know the Answer?

Frida Harrell · Answer 1

The correct answer is letter "B": one of several products produced from a common input.

Explanation:

Joint products are those manufactured by large companies whose production process is the same at an early stage for all the different products being produced, but at a certain stage, called the split-off, the products begin to have their own characteristics. Since the products initially come from the same input, the costs are allocated in a bundle. After the split-off, the cost of production shall be allocated to each type of product.