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

Buying Rate

It is the average quantity or value of a product purchased by a single household within

Cross Merchandising

Also known as secondary product placement, it is a retail strategy that places complementary products together

Just in time inventory

An inventory management that is focused on optimizing inventory levels by receiving raw materials and components