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Term of the Day
BusinessDictionary.com
captive market
Definition
Potential
customers
who are constrained to
purchase
a good or
service
from a particular
supplier
because of (1)
shortages
, (2)
competitors
'
high
prices
, (3) lack of
competition
, (4) unique
feature
or
benefit
of the item, or (5) the
seller
owning
the
buying
entity
.
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Nearby Terms
captive bank
captive customer
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capture
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