Point of Sale

Point of Purchase (POP)

n.

Pronunciation

/pɔɪnt ʌv seɪl/

Acronym

POS

Definition

The exact time and place of a successful retail transaction.

Knowing the moment when a sale is made is key to understanding under what circumstances clients are purchasing the product. POS systems have been developed to help facilitate and track sales.

Category

Related Terms

POS System

Product Information Encyclopedia

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