Captive market: a captive market is one where consumers have
very limited choice. In this type of market, the seller has the upper hand.
Because There is no competitors.
For an example –
A pharmacy on a cruise ship, passengers still need to
purchase painkiller, toothpaste and others items. they have no others choice to
get that. Also when you are inside a sports stadium, airports,
movie theater if you want to eat food and drink you have to purchase there
product. Bookshop of Daffodil international university.
Non captive market: The customer has open choice of eating opportunities
both in terms of the food & drink to be consumed and the type of operation
they may wish to go to.
As customers have varying preferences, your business must
also be able to empathize with your clients and adjust to their needs. Thus, it
is important to provide them with the best experience they can have,
considering costs, time, food preferences, ambience desires, and distance for
convenience.
Example : shopping malls has verity option to
purchase anything. Road side street shops , expensive restaurants,
Hotels.