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

Velocity Analysis

A method of analyzing sales data to identify products with high sales velocity. Velocity analysis helps

Yield Management

A pricing strategy used to maximize revenue by varying prices based on demand and inventory levels.

Incremental Revenue

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