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

CPG manufacturing

In the Consumer Packaged Goods industry, the term “CPG company” typically denotes manufacturers within the sector.

Base Price

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

Loyalty program

A initiative by a company to incentivize repeat purchases and customer loyalty by offering rewards, discounts,