Answer to Question #267725 in Marketing for ann

Question #267725

What advantages can a convenience store chain, such as 7 eleven, have over traditional sari-sari stores?


1
Expert's answer
2021-11-18T08:14:02-0500
  • They are a natural destination retail location.
  • It provides an economic boost to the community.
  • It doesn't cost much to start a convenience store.
  • Convenience stores are not bound by local pricing needs.
  • Franchises are often available.
  • Convenient locations.
  • Overall brand equity.
  • Individually branded products.
  • Franchised model.
  • Diversity of income.
  • High rental costs.
  • High staff costs.
  • Franchisees.

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