A Point of Sale (POS) system is a popular solution for many businesses to manage their...

  

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A Point of Sale (POS) system is a popular solution for many businesses to manage their business transactions. From its basic approach, functioning as cash register to improve sales and now it has brought number of advantages to stay competitive within an ever dynamic business environment even with the current technological advancements. You are required to: (a) Analyze the key points in which retail, hospitality and consumer services businesses might be benefiting from the Point of Sales (POS) systems from the business profits, operational activities, controls measures, accounting and cost- effective perspectives. Provide some examples to support your discussion (30 marks) A Point of Sale (POS) system is a popular solution for many businesses to manage their business transactions. From its basic approach, functioning as cash register to improve sales and now it has brought number of advantages to stay competitive within an ever dynamic business environment even with the current technological advancements. You are required to: (a) Analyze the key points in which retail, hospitality and consumer services businesses might be benefiting from the Point of Sales (POS) systems from the business profits, operational activities, controls measures, accounting and cost- effective perspectives. Provide some examples to support your discussion (30 marks)

Answer rating: 100% (QA)

SOLUTION Applying promotional pricing for items correctly needs an indepth detail of items and prope... View the full answer