What is a vertical market?

Economics Dec 17, 2020

Expert Solution

A vertical market is ones that is fairly narrow or niche and may be one that only exists in one industry or caters to a particular set of customers. An example might be a technology company that develops special lasers that can be used in manufacturing diamonds. A vertical market provides less stability than a horizontal market, but it usually is one in which there are fewer competitors and more opportunities to make higher profits that can rival horizontal market-oriented business that struggle to establish market-share.

Archived Solution

Unlocked Solution

You have full access to this solution. To save a copy with all formatting and attachments, use the button below.

Already a member? Sign In

Important Note: This solution is from our archive and has been purchased by others. Submitting it as-is may trigger plagiarism detection. Use it for reference only.

For ready-to-submit work, please order a fresh solution below.

Or get 100% fresh solution

Get Custom Quote