Giving each and every one of your customers what they want. If you were wondering how that is even possible, then visit a nearby mall, you’ll notice for yourself!
Mass customization combines the flexibility and personalisation of custom-made products with the low unit costs associated with mass production. Mass customized products may also be referred to as made to order or built to order.
The practice of marketing or displaying products from different categories together in one, with the intention to generate additional revenue, also known as add-on sales, incremental purchase or secondary product placement.
Starting from as small environment friendly packaging material, giving your customers reusable shopping bags instead of plastic and implementing energy efficient practices like using renewable sources of energy to power operations is considered green retailing. It includes energy-efficient stores offering energy-efficient products, green merchandise, promotion and distribution, and reduced packaging.
Point of Sale- ( Abbr. – POS) Place where a sale is made.
What is POS?
Point of sale, also referred to as point of purchase, is where a customer completes a sales transaction. Anyplace where a product/service is sold/bought is the point of sale. It could be a mall, restaurant, grocery store, a theatre, salon, stationary shop or anywhere you make a transaction; the exchange of a product/service for a certain monetary value.
What is POS transaction?
The “point” where a customers tenders payment using any mode of payment, namely cash, card, wallet or mobile payments etc. in exchange for goods/services.
What is POS on a bank statement?
POS on a bank statement is usually used to describe the type of sale. You can see POS on your bank statement if you used your Debit Card to pay and complete a sales transaction. The details of the vendor you purchased from might appear in case of a Credit Card Statement.