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In a joint process of production, two or more products that yield high volume of sales as compared to total sales of other products are classified as
Answer & Solution
Correct Answer:
Option
B
In a joint process of production, two or more products that yield high volume of sales as compared to total sales of other products are classified as joint product. A joint product is a product that results jointly with other products from processing a common input. A joint product can be the output of a process with fixed or variable proportions.
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