Question

How has technology affected POS (point of scale) transactions? Give an example.

Answer 1

The shift in technology based POS has affected the businesses largerly as it enables them to keep the record in track and in one place. POS or Point of Scale is the system in a retail store where all transactions are being processed and bills are paid. Intially, the retail stores had to manage traditional book-keeping account of transactions, but development is technology has enabled to perform this task with little efforts. Now, with the help of technology such as mobile based POS systems or even cloud based POS systems. This advancement in technology has helped the businesses to maintain the records all in one place. An example of POS is Mobile based POS, in which a customer can scan the product on his/her phone or tablet and make the payment.

Answer 2

The shift in technology based POS has affected the businesses largerly as it enables them to keep the record in track and in one place.

Step-by-step explanation:

POS or Point of Scale is the system in a retail store where all transactions are being processed and bills are paid. Intially, the retail stores had to manage traditional book-keeping account of transactions, but development is technology has enabled to perform this task with little efforts.

Now, with the help of technology such as mobile based POS systems or even cloud based POS systems. This advancement in technology has helped the businesses to maintain the records all in one place.

An example of POS is Mobile based POS, in which a customer can scan the product on his/her phone or tablet and make the payment.