Examlex
What are the advantages and disadvantages of product layouts?
Coffee Shop
A retail establishment that sells coffee, tea, and often light meals or pastries, providing a social or work space for customers.
Franchise
Contractual agreement in which a franchisee gains the right to produce and/or sell the franchisor’s products under that company’s brand name if they agree to certain operating requirements.
Mall
A large enclosed shopping area with a variety of stores and services in one or more buildings, providing a central location for consumers to shop.
Place Utility
The value added to products by having them where they are needed or wanted by consumers, thus enhancing customer satisfaction.
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