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

Incremental Revenue

Represents the additional profit generated by a business as a result of increased sales volume. It

Lifestage

Refers to one of the distinct phases within a retail business’s lifecycle, encompassing its birth, growth,

Market Share

Represents the portion of an industry’s total sales that is accounted for by a specific company