POS

POS
The location, usually within a retail outlet, where the customer decides whether to make a purchase.
[a.k.a.] Point of Sale ...

POS
point of sale - where sales transaction takes place, usually electronic purchase
possession utility ...

POS: point of sale; marketing communication activity, for example sales promotions, displays, videos, leaflets, posters, etc., which appears in retail outlets at the place where the product is displayed and sold.

EFT-POS (Electronic Funds Transfer at the Point-of-Sale) The automatic transfer of funds, using a debit card at a retail point of sale, from a consumer's demand deposit account to the retailer's account.

point-of-sale(POS) A data collection system that electronically receives and stores bar code information derived from a sales transaction.

Point of Sale (POS) terminal:
A small device that allows you to slide the credit card through to make a charge. This is what most retail stores have. It is fast, easy and accurate to make a charge on a customer's credit card within seconds.

Point of Sale POS is a generic term used to describe all information that is recorded at the time a product is sold, and it typically includes the location of the sale, price point, SKU, etc. Synonym: More.

Convergent Validity: The degree of association among different measurement instruments (questionnaires, devices, POS systems, etc.) that purport to measure the same concept.

See also: Point, Function, Control, Service, Services