Question

Pool Line is the manufacturer of a pool cleaning system that has been called by the pool construction industry, "the miracle we have waited a lifetime for." The cleaning system is very effective and recommended by all consumer magazines. The result is that 93 percent of all new pools have the system, and 94 percent of all pool owners buying replacement systems choose Pool Line. The relevant product market is:

Answer 1

The subject of this question is the relevant product market for Pool Line's pool cleaning system, which suggests the pool maintenance market where the company has achieved a significant market share and industry influence.

Step-by-step explanation:

The relevant product market in the context of the given information about Pool Line, the manufacturer of a highly effective pool cleaning system, refers to the market segment that focuses on pool cleaning systems. This market encompasses all the products and services used for the maintenance and cleaning of swimming pools. Based on the provided details, Pool Line has a significant market share, as indicated by the high percentage of new and replacement pool cleaning systems they sell.

These figures show the company's strong position and influence within the pool cleaning industry, and it may be inferred that Pool Line essentially represents the standard for such systems in the market. Moreover, the high level of recommendation by consumer magazines reinforces the company's standing as a leading provider in the pool maintenance market.

Answer 2

pool cleaning systems.

Step-by-step explanation:

Product market refers to the markets where a final product or service can be sold, e.g. financial services market is where banks, investment firms and others offer their banking, investment and trading services.

In this case, the product market for Pool Line is the market for pool cleaning systems which includes both pool constructors and owners of existing pools as customers.