Which of the Following Statements Best Define Joint Products

question 90

Multiple Choice

Which of the following statements best define joint products?

• A) When one product has a high total sales value compared with the total sales value of other products of the process, that product is called a joint product.
• B) Product of a joint production process that have the same sales value compared with the total sales value of the by products is called a joint product.
• C) When one product has a low total sales value compared with the total sales value of other products of the process, that product is called a joint product.
• D) When a joint production process yields two or more products with high total sales values relative to the total sales values of other products, those products are called joint products.

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Definitions:

Joint Venture

A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task.

New Market

Refers to an undiscovered or underexploited segment in the marketplace that a company can target to expand its customer base.

Strategic Alliance

A collaborative relationship between independent firms, though the partnering firms do not create an equity partnership; that is, they do not invest in one another.

Globally-Based Opportunity

A chance or prospect for business, investment, or collaboration that is available on an international scale.