Answer
A joint product is a product resulting from a production process that yields multiple products, and it typically has a relatively high total sales value compared to the other products from the same process.
A byproduct, on the other hand, is a product from the same production process, but it usually has a relatively low total sales value in comparison to the main or joint products from that process. The distinction between the two is primarily based on the relative sales values of the products.
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