![]() This term can also be zoomed in and zoomed out, this means that the concept applies for places like shopping malls or big office buildings with many companies closing deals each day. This might be the cash register at a Best Buy retail location or it might be the virtual shopping cart on or. A point-of-sale is the actual place where a sales transaction is completed. The Internet marketplace has extended this concept beyond physical places and into the virtual world. What is the definition of point of sale? The concept of what a point-of-sale is has evolved with technology and software. In other words, this is the place where the customer pays for an item and purchases it from the seller. Definition: A point of sale (POS) is a physical or virtual place where sales transactions are made, typically a cash register or online shopping cart.
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