Convenience

Convenience

A small-format retail outlet that offers a limited selection of basic and immediate consumption items, such as packaged foods and drugstore products.

It operates long hours for shopper convenience, catering to quick and essential purchases.

Related Terms

Category Buyer

The person is responsible for assisting the procurement manager and category team in implementing procurement and

Prestige Pricing

A pricing strategy where products are priced at a premium to signal superior quality and status,

Everyday Low Price (EDLP)

A retail pricing strategy offering customers consistently low prices on products without requiring coupons, waiting for