What does captive market mean?
captive market in British English noun. a group of consumers who are obliged through lack of choice to buy a particular product, thus giving the supplier a monopoly.
What is captive and non-captive market?
Non-Captive Market Locations means traditional, street-level free-standing and in-line restaurant locations that: (a) are not contained within larger retail or other foot traffic generating environments; and (b) are not co-branded with other retail food service concepts.
Who is a captive?
plural captives. Definition of captive (Entry 2 of 2) 1 : one who has been captured : one taken and held usually in confinement Something there is in us that finds captivity captivating, particularly when the captives are prisoners of war.—
What are captive patrons?
A captive audience is a group of people who are not free to leave a certain place and so have to watch or listen. A captive market is a group of people who cannot choose whether or where to buy things. We all performed dances before a captive audience of parents and patrons.
What is captive product pricing?
Captive product pricing is the pricing of products that have both a “core product” and a number of “accessory products.” It’s a pricing strategy that takes advantage of a product that will be used primarily to attract a large volume of customers.
What is the economic principle of captive supply?
Captive supply is used to subvert the natural forces of market price determination to accrue more economic benefits to those who control it. It circumvents the typically price-moderating market force of supply and demand by artificially restricting the supply. Example: American Bar Association Over Legal Industry.
What is a semi captive market?
The semi-captive market of food and beverage service The customers have a limited choice of where to eat. In such a market, the customers have a choice before selecting the food and beverage. Once the choice is made, the customers have no choice but to be content with what is on offer.
What is non-captive?
Definition of a captive or non-captive part. A captive part is a dealer supplied Original Equipment Manufacturer (OEM) part. A non-captive part is a part that is provided by all other industry sources that supply used or aftermarket (jobbers) parts.
What is a captive business?
Issue: In its simplest form, a captive is a wholly owned subsidiary created to provide insurance to its non-insurance parent company (or companies). Captives are essentially a form of self-insurance whereby the insurer is owned wholly by the insured.
What is the difference between captivity and captive?
As nouns the difference between captive and captivity is that captive is one who has been captured or is otherwise confined while captivity is the state of being captive.
What does captive environment mean?
A captive environment will place restrictions on an animal.
What is captive pricing give an example of it?
Captive pricing happens when an accessory product is necessary to purchase in order to use a core product. Classic examples of this include products like razor blades for razors and toner cartridges for printers. This is also called by-product pricing.
What is a captive sales agent?
Captive agents typically receive extensive lists of prospects from their insurance company because when consumers respond to advertising, the company directs them to a captive sales agent in their area. Captive agents are also usually paid a salary and commission and receive benefits.
What are captive finance companies?
Captive finance companies are financial institutions that offer their services to customers of some retailers in order to let the customers buy the retailer’s products.
What is the opposite of a captive agent?
The opposite of a captive agent is an independent agent. An independent agent does not work for any particular insurance company and is often paid by commission only. Independent agents can sell policies from an array of companies.
How are captive use and captive sales treated in telecom licences?
For telecom networks licenced for Captive use and Captive Mobile Radio Trunking Service (CMRTS) licences, the licence fee is levied at fixed rates depending upon the number of terminals, channels and / or networks capital cost. Captive use or captive sales (whether invoiced or not) should be reported separately.
https://www.youtube.com/watch?v=BNH6WF64YwI