Examlex
The scatter plot is a two dimensional graph that is used to graphically represent the relationship between two variables.
New Product
An item recently introduced to the market that has not previously been available for purchase by consumers.
Joint Process
A manufacturing operation that produces multiple products simultaneously from the same process or raw materials, often seen in industries like chemicals or agriculture.
Premium Grade
Premium grade typically refers to products or materials that are of higher quality and therefore command a higher price.
Split-Off Point
The moment in the production process where multiple products become distinguishable from one another, and individual cost tracking can begin.
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