joint products

Joint Products

Two or more products derived from the same source using the same tools. For example, natural gas and oil from the same well are joint products. See also: Joint Product Cost.

joint products

products which emerge from the same production process; for example, petrol, diesel and tar from a common oil refining process.


References in classic literature ?
We found that the division of the joint product that took place there was similar to the division that took place in the sum total of all industrial processes.
The light was the joint product of a fire and a candle.
The simulation allows for the efficient understanding of the accounting complexities of joint products and byproducts.
Joint products are defined as: "Two or more products produced by the same process and separated in processing, each having sufficiently high saleable value to merit recognition as a main product.
Under the agreement, TRW and Michelin will work together toward development of a standardized tire pressure monitoring device for automakers and will cooperate in marketing their joint products.

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