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

Customer Loyalty

Emerges when customers consistently favor a brand over its competitors, leading to repeat purchases and a

Gross Margin

The difference between the revenue generated from sales and the cost of goods sold, expressed as

Out of stock (OOS)

A situation occurs when a product that is supposed to be available for sale is completely