Marketing Essentials

Section 2: Cash Registers

After You Read Online Action

Key Terms and Concepts

1. Recording sales, storing cash and sales documents, and providing receipts. Computers linked to cash registers also update inventory records with each sale.
2. With a POS system, you could simply say "$15.71" as you hand her the change. Without a POS system, you would say, "That's $34.29 out of $50. $34.30 (handing her a penny), $34.40, $34.50 (handing her two dimes, one dime at a time), $34.75, $35.00 (handing her two quarters, one at a time). $40 (handing her a $5 bill) and $50 (handing her a $10 bill).
3. A Universal Product Code (UPC) is a combination bar code and number used to identify a product and the manufacturer.

Academic Skills

4. $271.85; ($4.25 X 20) + ($17 X 10) + [($4.25 X 20) + ($17 X 10)] X 0.07 = $272.85
5. Accept all reports that demonstrate student effort. Reports might include the invention of the UPC codes and the development of RFID tags.