Joint product

In economics, joint product is a product that results jointly with other products from processing a common input; this common process is also called joint production.^[1] A joint product can be the output of a process with fixed or variable proportions.

^ Wouters, Mark; Selto, Frank H.; Hilton, Ronald W.; Maher, Michael W. (2012): Cost Management: Strategies for Business Decisions, International Edition, Berkshire (UK), p. 532.

[1] Wouters, Mark; Selto, Frank H.; Hilton, Ronald W.; Maher, Michael W. (2012): Cost Management: Strategies for Business Decisions, International Edition, Berkshire (UK), p. 532.

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