Corn Refiners Buy Shelled Corn and Convert It into a Variety

question 26

Multiple Choice

Corn refiners buy shelled corn and convert it into a variety of products,including high fructose corn syrup.The refiners then sell the syrup to soda and food product companies for use in foods and beverages.The corn refiners represent the _____ sector of the business market.

• A) channel
• B) reseller
• C) producer
• D) government
• E) distributor

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Definitions:

Revenue-And-Costs

The financial inflows associated with business operations and the expenditures required to generate revenue.

Price

Price is the amount of money expected, required, or given in payment for something, serving as the economic mechanism that balances supply and demand in markets.

Advertising

The process or occupation involved in making adverts for business products or services.

Product Differentiation

The practice of differentiating a product or service to appeal more to a specific target market.