Archer Daniels Midland Co. (ADM) is the world's largest cocoa-bean processor. It buys cocoa beans and converts them into cocoa powder and cocoa butter, which it then sells to companies like Hershey's that manufacture consumer products containing chocolate. ADM is operating in ________ market.
A) a consumer
B) a government
C) an industrial
D) a processor
E) a reseller

Question

Quizplus · Accepted Answer

ADM is operating in an industrial market because it processes raw materials (cocoa beans) into products (cocoa powder and cocoa butter) that are used by other companies to produce consumer goods.