Which of the following statements best describes a by-product?
A) A product that is produced from material that would otherwise be scrap.
B) A product that has a selling price similar to that of the main product.
C) A product created along with the main product whose sales value does not cover its cost of production.
D) A product that usually produces a small amount of revenue when compared to the main product's revenue.
E) A product that has a lower unit selling price than the main unit.

Question

Quizplus · Accepted Answer

A by-product is typically a secondary product derived from a manufacturing process that generates relatively minor revenue compared to the main product.

Which of the Following Statements Best Describes a By-Product