Compact,a leading manufacturer of measurement devices,makes handheld devices for continuous monitoring of the atmosphere in manufacturing plants where hazardous materials are routinely used as component materials.Since the number of industries that require such protective devices is limited,it can be said that Compact operates in a _____.

Question

Quizplus · Accepted Answer

Certain products have a limited number of buyers; this is known as a vertical market, which means that (1) it is narrow, because customers are restricted to a few industries; and (2) it is deep, in that a large percentage of the producers in the market use the product.

Compact,a Leading Manufacturer of Measurement Devices,makes Handheld Devices for Continuous