Which of the following is true about convenience stores?
A) They carry mostly shopping goods.
B) They charge lower-than-normal prices for shopping goods.
C) They are reluctant to change their offerings to adjust to changes in the market.
D) They create time utility for their customers.
E) They create form, time, and place utility for their customers.

Question

Quizplus · Accepted Answer

Convenience stores create time utility for their customers by being open 24/7 or having extended hours, allowing customers to make purchases at their convenience. While they do carry some shopping goods, they also focus on convenience items like snacks, drinks, and toiletries. Their prices are typically higher than normal for these items due to the added convenience factor. Since they need to stay competitive, they often adjust their offerings to reflect changes in the market. Therefore, options A, B, and E are not true about convenience stores.

Which of the Following Is True About Convenience Stores