Demand, utility, and marginality Essay Example | Topics and Well Written Essays - 750 words

Demand, utility, and marginality - adjudicate ExampleCumberland Farms stores be designed to meet the needs of middle-income urban and suburban individuals and families in the Eastern and midwestern United States. Their main service is thingmabob, which is how they became a major chain of so-called convenience stores. While configuration is necessarily limited by the size and marketing approach of each store,customers broadly know what goods are carried and many basic needs understructure be met easily That convenience includes long hours,multiple locations, easy plan of attack to products, minimal checkout waiting time, and similar advantages to workers, retirees, students, commuters, travelers, etc. Their products are often priced below their competition, particularly those carrying the Cumberland Farms bulls eye name. While variety is necessarily limited by the size and marketing approach of each store, customers generally know what goods are carried and many basic needs ca n be met easily by obtain at Cumberland Farms. The major factors affecting demand for Cumberland Farms products are pricevariety hours and locations of stores competition from other convenience stores gas stations, and supermarkets customers experiences dealing with stores and various advertising and marketing techniques used to promote business. Within some limits, Cumberland Farms can and does respond to increased demand. Forexample, some products such as eggs and milk are essentially dismission leaders and as the prices elsewhere for such items increase, Cumberland Farms raises its stock ofthese items and offers rain checks so customers can get the circumscribed prices later if the store runs out of such specials. Cumberland Farms also has some control over