Shopping And E-commerce

Question 1

What happens at an Electronic Point of Sale (EPOS)?

Answer 1

1: Barcode is scanned
2: Code matched on stores database
3: Price returned to screen
4: One deducted from stock
5: Reorder level checked
6: Automatic reordering (If stock is low)
7: Print itemised bill

Question 2

What is meant by EFTPOS?

Answer 2

Electronic Funds Transfer at Point of Sale

Paying for something using a credit/debit card and money is automatically transferred from the customers bank account to the businesses bank account at the point of sale

Question 3

Advantages of EFTPOS to the company

Answer 3

• Money is taken straight from the customers account soothe company is guaranteed it
• Less need for physical security as less money is being held on site

Question 4

Advantages of EFTPOS to the customer

Answer 4

• Customers can carry less cash lowering the need for physical security?
• Provides the customer with many other services such as cashback, topping up phone credit
• Allows a variety of payment methods
• Allows for special offers such as BOGOF, loyalty cards and vouchers