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

Base Price

Also referred to as non-promoted price, it is the average price of an item across all

Incremental Sales

Refers to the additional units of a product sold to retailers or consumers directly attributed to

Unplanned Out-of-Stocks

Instances where a product is unexpectedly unavailable for purchase, often resulting in lost sales and dissatisfied