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

Brand Assessment

Evaluates a brand’s strengths, weaknessess and opportunities for brand development and repositioning.

Yield Management

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

Merchandising

It includes the comprehensive strategies and practices retailers employ to promote and sell products to customers