Quantum Cohomology of a Product

The operation of tensor product of Cohomological Field Theories (or algebras over genus zero moduli operad) introduced in an earlier paper by the authors is described in full detail, and the proof of a theorem on additive relations between strata classes is given. This operation is a version of the Kuenneth formula for quantum cohomology. In addition, rank one CohFT's are studied, and a generalization of Zograf's formula for Weil-Petersson volumes is suggested.