by-product

by-product definition - business

by-product

Production process output that is in addition to the main product. For example, production from a gold mine might result in low volumes of the ore of other metals. A by-product generally has a relatively low market value compared to the main product.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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