3. VENDING MACHINES
Vending machines is a
new form of retailing ,
where goods are sold with
the help of slot machine
operated by coins or
tokens.
4.
5. FEATURES:
Products sold are low priced.
Products are uniform in size
and weight.
Products are specially packed
for machines.
Eg: Beverages,soft
drinks,newspapers.
7. ADVANTAGES:
Self service: These machines do not
require salesman or employees.
Any time shopping: Vending
machines provide the facility of 24x
7 shopping at all major locations.
Fast service: These machines
provide quick service to customers.
8. DISADVANTAGES:
Costly: The initial cost of installing a
vending machine and expenditure on
its maintenance and repair is high.
No prior inspection: The customers
cannot feel or see the product before
buying.
Customised products:Products have to
be developed as per the requirements
of machine.
9. ATM’s are used as vending
machines in banking
services for withdrawing
money.
