Question

Joint products are products that:

		Have relatively minor sales value
		Are marketed in a joint marketing program
		Have relatively substantial sales value
		Come from different production processes

Answer 1

Correct answer is : Joint Products are products that have relatively Substantial sales value

because all joint products have relatively important high sales value that we can not designate one product as main product than other one. All have high sales value.

Now letz know what joint product is basically:- Joint products are those number of products which are generated by a single common processing at same time and using same input like raw material /labor which was used to produce the main product. When these products are separated and identified at split off, then each joint product product is further processed to form finished product.

Now explanation regarding why other options are not valid.

- Have relatively minor sales value = Invalid. As each joint product has high sales value and separate identity.

- Are marketed in a joint marketed programe = Invalid. As each joint product has separate identity which has high sales value so it is not necessary they are marketed jointly.

- Come from different production processes = Invalid. As discussed above joint products are generated from same processing and at same time using same input.