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How do point of sale (POS) systems benefit retailers?
How do point of sale (POS) systems benefit retailers?
- Provide free products to customers
- Generate monthly reports only
- Record sales, collect cash, and update inventory status simultaneously (correct)
- Increase employee salaries
In what way do manufacturers like P&G differ from retailers like Walmart in revenue collection?
In what way do manufacturers like P&G differ from retailers like Walmart in revenue collection?
- Selling on credit terms and collecting payment after a specified period (correct)
- Using point of sale systems for cash collection
- Offering discounts to customers
- Receiving payment before delivering goods
What role does Walmart play in the sales chain between P&G and end consumers?
What role does Walmart play in the sales chain between P&G and end consumers?
- Provides manufacturing services for P&G
- Becomes the sole distributor of P&G products
- Competes directly with P&G
- Acts as an intermediary between P&G and consumers (correct)
How does a manufacturer like P&G differ in its revenue collection process from a retailer like Walmart?
How does a manufacturer like P&G differ in its revenue collection process from a retailer like Walmart?
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What is a key difference in revenue processes between a company selling to consumers versus a company selling to other businesses?
What is a key difference in revenue processes between a company selling to consumers versus a company selling to other businesses?
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Which feature makes point of sale systems essential for many retailers?
Which feature makes point of sale systems essential for many retailers?
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