Answer to Question #267725 in Marketing for ann

Question

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

Answer 1

• 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.