In which ways captive market differ from non captive market? discuss with example.

Fundamentals of Food and Beverage Service

Fundamentals of Food and Beverage Service

by Sagar Sagar -
Number of replies: 0

A captive market is a market in which consumers have very little choice because there is no competition. Consumers cannot buy anywhere else.

Examples of captive-market  airports, and sports arenas, college textbooks, , printer refills, truck stops due to fueling contracts and semi truck regulations, and phone calls and food in jails and prisons.