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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
Index
Product Information Encyclopedia
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