Glossary
Joint cost
Tags: Glossary
A type of common cost where products are produced in fixed proportions, and the cost incurred to produce one product necessarily entails the production of another; the backhaul is an example.
Glossary
Tags: Glossary
A type of common cost where products are produced in fixed proportions, and the cost incurred to produce one product necessarily entails the production of another; the backhaul is an example.