VAE-0015
QUESTION
When two products are produced in the same production process, such relationship is called as?
OPTIONS
(A) Competitive
(B) Complementary
(C) Supplementary
(D) Joint
ANSWER
(D) Joint
EXPLANATION
When two products arise from the same production process, they are described as joint products or joint enterprises. Competitive enterprises compete for the same scarce resources, complementary enterprises enhance one another, and supplementary enterprises use otherwise idle resources without materially affecting the main enterprise. Therefore, option (D), joint, is correct.
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Veterinary and Animal Husbandry Extension Education · 104 Questions
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