Archer Daniels Midland (ADM) Co.is the world's largest cocoa-bean processor.It buys cocoa beans and converts the beans into cocoa powder and cocoa butter, which it sells to companies that manufacture consumer products that contain chocolate.The cocoa-bean processor is operating in a(n) __________ market.
A)tax regulated
B)governmental
C)renewable resource
D)product-intensive
E)industrial

Question

Quizplus · Accepted Answer

Archer Daniels Midland operates in an industrial market as it is involved in the production and sale of intermediate goods (cocoa powder and cocoa butter) to other companies for further manufacturing into consumer products.