Determinants on the Operational Sustainability of Convenience Stores

Abstract

Convenience store is a retail business primarily emphasis on providing the public a convenient location to quickly purchase from a wide array of consumable products, predominantly food and services. It serves as a one-stop destination for food, refreshments, tobacco products and a wide variety of other items. Convenience stores are open 24 hours, and it usually charge significantly higher price than regular grocery stores or supermarkets. The purpose of the study is to determine the factors on the operational sustainability of convenience stores for the benefit of future entrepreneurs who wanted their own convenience store. The following variables such as accessibility, product variation, product attributes, service, space or area and safety and security were assessed. Among the given variables; accessibility, product variables and product attributes were ranked first, second and third.