Answer to Question #266448 in Marketing for ann

Question

What advantages can a convenience store chain, such as 7 eleven, have over

traditional sari-sari stores?

Answer 1

The convenience stores are shops with extended work hours and they are mainly young professionals while Sari-sari are small neighborhood retail shops that cater for members of that community sell a variety of products in retail. The convenience stores have advantages over the traditional Sari-sari stores as follows;

 

·        They are a natural destination for retail locations

·        They provide an economic boost to the community

·        They don’t cost much to start

·        Convenience stores are not bound by local pricing needs

·        The have availability of Franchises compared to the traditional ones