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    Explain the success of the convenience stores

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    In the last decade or so there has been a dramatic expansion of small retail convenience stores (such as Kwik Shops, 7-Elevens, Gas 'N Shops), although their prices are generally much higher than prices in large supermarkets. What explains the success of the convenience stores?

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    Small convenience retail stores are successful because they are not only selling the convenience but they are also selling the products that are in the store. In addition, convenience stores are ...

    Solution Summary

    In the last decade or so there has been a dramatic expansion of small retail convenience stores (such as Kwik Shops, 7-Elevens, Gas 'N Shops), although their prices are generally much higher than prices in large supermarkets. What explains the success of the convenience stores?

    $2.19

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