joint supply

joint supply definition - business

joint supply

Two or more goods that derive from a single product or process. For example, dairy cattle can provide milk, hides, and meat. High demand for one of the three goods might result in an increase in the breeding of dairy cattle and reduce prices for the other two products.

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.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.