What is the name given to the products that are defined as two or more products that are obtained from a single primary material in the same production process and whose sales value is close to each other?    a) Wastage  B) By-product  NS) Scrap  D) combined product  TO) Now

Structural Analysis
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ISBN:9781337630931
Author:KASSIMALI, Aslam.
Publisher:KASSIMALI, Aslam.
Chapter2: Loads On Structures
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What is the name given to the products that are defined as two or more products that are obtained from a single primary material in the same production process and whose sales value is close to each other?

 
 a)

Wastage

 B)

By-product

 NS)

Scrap

 D)

combined product

 TO)

Now

 

 
Expert Solution
Step 1

Explanation-

By-products are produced as a 'sub-product' or 'side-product' while manufacturing another product (main). By-product may be produced accidently while manufacturing some product. They have low sales value compared to main products.

When two or more products are obtained single primary material in same production process and whose sales value is close to each products are called as Joint Products or Combined product.

scrap contains rejected materials that are no longer useful and wastage is the waste material from manufacturing process.

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