Identify a product that practices captive product pricing. Spot the ways by which the company seeks to lock up the consumer, ensuring that buyers are held “captive” by the product.
Answer: Low price are offered for the core product, but high prices are placed on captive products. This attracts customers to the core product with a low price but allows sellers to make a profit off the captive products, which are necessary to use the product.
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Answer: Low price are offered for the core product, but high prices are placed on captive products. This attracts customers to the core product with a low price but allows sellers to make a profit off the captive products, which are necessary to use the product.
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