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

Solution (By Examveda Team)

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.