Multiple 300 Class assignments to a given matl

Experts,
In VC, can we have multiple classes of class type 300 assigned to a given matl? I see that SAP allows it, however, from a functioning perspective, I'm thinking how this would work.
Master data set up thru transactional data creation, I'm wondering if it is workable? What would be scenarios where a prod could be configured with 2 diff classes?
Any idea?
cheers

Gurus,
Let me know your thoughts around this one. I'm sure if SAP has made a provision, there is a functionality behind it. Has any one used this?
Thanks

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