What is automatic vending machines ? What are its merits and demerits?

Solution

A vending machine is a new and complementary form of retailing. It is anlot machine operated by coins or tokens. The buyer insert coin or a token in to the machine and receives a specified quantity of a product from the machine.

Merits of vending machines are :

1. It is convenient for the customers to buy the goods from the machines.

2. Vending machines provide quick service to the customers.

3. Vending machines develop the habit of ‘self-help’ among the customers.

4. Vending machines can sell goods round the clock.

Demerits of vending machines are :

1. The customers cannot inspect the goods before buying.

2. Vending machines are useful in selling only consumer goods which are edible in nature.

3. Special prices are to be developed by manufacturers which suit the machines.

4. Care has to be taken about replenishing the stock of the machine regularly.

Some More Questions From Internal Trade Chapter

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Internal Trade

What is automatic vending machines ? What are its merits and demerits?

Some More Questions From Internal Trade Chapter

What is Wholesale Trade

What is Retail Trade

Explain the features of internal trade.

Give the features of wholesalers.

Give the functions of wholesalers.

Enlist the features of retail trade.

Write a short note on Super Bazaar.

What is “one-price shop” ?

Give the types of Multiple Shops.

Explain manufacturer’s shops.

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