Definition

POS (Point of Sale) System

Point of sale means a business place (retail shop/store) where sales or retail transactions are completed.

From that aspect Point of Sale (POS)  is the system by which sales/retail transactions are made and the process maybe competed by calculating amount, preparing invoice, issuing printed receipt etc. This system may combined software and hardware that allows merchants to make transactions quickly.

Share it:  Cite

More from this Section

  • Turnover
    Turnover is the voluntary or involuntary permanent withdrawal from an organization. It ...
  • Mouse
    Mouse— a hand-held “point-and-click” input device that can be moved over a smooth ...
  • Speed-based Strategies
    Business strategies built around functional capabilities and activities that allow the ...
  • Need for affiliation
    ...
  • Baseband
    Baseband transmits digital signals directly over the network; can transmit only one signal ...