If the value of a byproduct rises significantly, it could also be viewed as a joint product.

Question

Quizplus · Accepted Answer

A byproduct is typically considered as a secondary product that is produced alongside the main product, while a joint product is a primary product that is produced alongside other primary products. However, if the value of a byproduct rises significantly, it may become economically feasible and necessary to produce it as a primary product, making it a joint product.

If the Value of a Byproduct Rises Significantly, It Could