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Business, 13.03.2020 22:24 jaydenrenee111902

In the last decade or so, there has been a dramatic expansion of small retail convenience stores (such as 7-Eleven, Kwik Shop, and Circle K), although their prices are generally much higher than prices in large supermarkets. The success of these convenience stores can be partially explained by
1. cost savings due to their smaller size.
2. the time consumers save when purchasing goods there.
3. diseconomies of scale.
4. the high prices they charge.

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