The Vertical Market for a Product Is Deep

question 59

Multiple Choice

The vertical market for a product is deep.Which of the following best explains the previous statement?

• A) Customers who buy the product are highly likely to switch to substitutes.
• B) A large percentage of the producers in the market use the product.
• C) The product is purchased by all types of firms in many different industries.
• D) The product appeals to different social classes of consumers.

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Definitions:

Core-Fringe-Legume Pattern

An agricultural technique that arranges crops in concentric zones, with a nitrogen-fixing legume at the center, surrounded by tiers of other crops, to enhance soil fertility and productivity.

Anthropologist

A scientist who studies human societies, cultures, and their development.

Ideal Type

A conceptual model or typology used in the social sciences to describe a particular set of characteristics that could be observed in various instances, though not necessarily attainable in reality.

Plant Domestication

The process by which wild plants have been evolved into crop plants through artificial selection and breeding by humans.