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Topic Review
Point of Sale
The point of sale (POS) or point of purchase (POP) is the time and place where a retail transaction is completed. At the point of sale, the merchant calculates the amount owed by the customer, indicates that amount, may prepare an invoice for the customer (which may be a cash register printout), and indicates the options for the customer to make payment. It is also the point at which a customer makes a payment to the merchant in exchange for goods or after provision of a service. After receiving payment, the merchant may issue a receipt for the transaction, which is usually printed but is increasingly being dispensed with or sent electronically. To calculate the amount owed by a customer, the merchant may use various devices such as weighing scales, barcode scanners, and cash registers. To make a payment, payment terminals, touch screens, and other hardware and software options are available. The point of sale is often referred to as the point of service because it is not just a point of sale but also a point of return or customer order. POS terminal software may also include features for additional functionality, such as inventory management, CRM, financials, or warehousing. Businesses are increasingly adopting POS systems, and one of the most obvious and compelling reasons is that a POS system does away with the need for price tags. Selling prices are linked to the product code of an item when adding stock, so the cashier merely needs to scan this code to process a sale. If there is a price change, this can also be easily done through the inventory window. Other advantages include the ability to implement various types of discounts, a loyalty scheme for customers, and more efficient stock control.
  • 1.3K
  • 08 Nov 2022
Topic Review
Games for Windows – Live
Games for Windows – Live or GFWL (trademarked as Games for Windows – LIVE) was an online gaming service used by Games for Windows–branded PC titles that enables Windows PCs to connect to Microsoft's Live service. Users, each with a unique Gamertag (the Microsoft username service for gaming that began on Xbox Live), are able to play online, keep track of their friends' status, send and receive messages, gain and keep track of Achievements and associated Gamerscore, voice chat across platforms (removed in 2010), and much more. Some games allow for cross-platform play, such as Shadowrun, putting Windows players against Xbox 360 players. The service is open to third-party developers, but they must be able to meet certain Technical Certification Requirements (TCRs), which include (but are not limited to): game ratings, total number of Gamerscore points, content, game profiles, and Live connectivity. Games for Windows – Live games must also meet standard Games for Windows (games that do not have Live support) TCRs. The same developer support infrastructure is available as with the Xbox 360. Assistance to developers is provided through the Microsoft XNA Developer Connection.
  • 1.3K
  • 11 Nov 2022
Topic Review
Reputational Risk and Sustainability
Reputation is the contemporary business’s most important commodity. Well, the known will lead to several promising results. Businesses with a solid, good reputation retain consumers and create market satisfaction, hire and sustain high-level staff, build long-term relationships with vendors, attract new buyers, obtain funding at reduced prices and deter future rivals from joining the industry. Since the investor expects that these businesses will achieve long-term profit and future prosperity, they have higher costs and market values. 
  • 1.2K
  • 03 Aug 2021
Topic Review
Blockchain and the Physical Internet
Integrating triple bottom line (TBL) goals into supply chains (SCs) is a challenging task which necessitates the careful coordination of numerous stakeholders’ individual interests. Recent technological advancements can impact TBL sustainability by changing the design, structure and management of modern SCs. Blockchain technology enables immutable data records and facilitates a shared data view along the supply chain. The Physical Internet (PI) is an overarching framework that can be applied to create a layered and comprehensive view of the SC. In this conceptual paper I define and combine these technologies and derive several high-level research areas and research questions to investigate adoption, management as well as structural SC issues. I suggest a theory-based research agenda for the years to come that exploits the strengths of rigorous academic research, while remaining relevant for the industry. Furthermore, I suggest various well-established theories to tackle the respective research questions and provide specific directions for future research.
  • 1.2K
  • 30 Oct 2020
Topic Review
Auction
An auction is usually a process of buying and selling goods or services by offering them up for bids, taking bids, and then selling the item to the highest bidder or buying the item from the lowest bidder. Some exceptions to this definition exist and are described in the section about different types. The branch of economic theory dealing with auction types and participants' behavior in auctions is called auction theory. The open ascending price auction is arguably the most common form of auction in use throughout history. Participants bid openly against one another, with each subsequent bid required to be higher than the previous bid. An auctioneer may announce prices, bidders may call out their bids themselves or have a proxy call out a bid on their behalf, or bids may be submitted electronically with the highest current bid publicly displayed. Auctions were and are applied for trade in diverse contexts. These contexts are antiques, paintings, rare collectibles, expensive wines, commodities, livestock, radio spectrum, used cars, online advertising, even emission trading and many more.
  • 1.2K
  • 08 Nov 2022
Topic Review
Influence of Tourism Safety Perception on Destination Image
Tourism safety perception affect multiple dimensions of destination image to varying degrees. Tourists with a high safety perception evaluate and affectively experience destination attributes more positively with higher satisfaction and stronger willingness to revisit and recommend. Tourism safety perception affects the stereotype image of the destination to a certain extent. Tourists in general produce a broadly homogeneous stereotype image, but there are differences in diversity and emotions. Tourists with a high safety perception have a richer and more positive stereotype image. 
  • 1.2K
  • 28 Feb 2022
Topic Review
Cause-Related Marketing on Consumer Purchase
Cause-related marketing (CRM) is the process of formulating and implementing marketing activities in which one firm commits to donate a specific amount to a non-profit organization (NPO) or social cause when customers purchase their products .  The key to successful CRM is the consumer purchasing the cause-related product, and experimental methodology was adopted mostly during this process. Therefore, this entry systematically reviewed the CRM literature that measured consumers’ purchase intentions using the experimental methodology. A systematic literature research was undertaken examining five databases and 68 qualified articles were identified. The results showed that CRM in most qualified studies is manipulated as a tactical marketing program and the products are mainly low-cost and low involvement. Moreover, the CRM is more effective than the ordinary marketing or sales promotion strategy, such as discount and coupons. Furthermore, the specific characteristics of the CRM program (e.g., donation amount, cause type, message framing) have shown positive outcomes but mixed effects are persistent. Recommendations for implementing CRM programs and for future research were discussed. 
  • 1.2K
  • 27 Nov 2020
Topic Review
Ras Al Khaimah
Ras Al Khaimah (Arabic: رأس الخيمة; IPA: [raʔs alˈxajma]), historically known as Julfar, is one of the seven emirates that make up the United Arab Emirates (UAE). The capital city and home of most residents is also called Ras Al Khaimah, sometimes abbreviated as RAK city. Its name could be taken to mean "headland of the small huts", which can be attributed to the indigenous buildings that existed along the coast. The emirate is in the northern part of the UAE, bordering Oman's exclave of Musandam. It covers an area of 2,486 km2 (960 sq mi). The emirate had a population of 210,063 at the 2005 Census, of which 41.82 percent or 87,848 were Emirati citizens. Latest estimates put the total population at between 250,000 and 300,000. Locals accounted for 97,529 in the population estimate for 2010. Its capital city RAK city has two main sections, Old Ras Al Khaimah and Nakheel, on either side of a creek. It is served by the Ras Al Khaimah International Airport. It consists of a northern part (where the city of Ras al-Khaimah is situated), and a large inland exclave in the south (near Hatta), and a few small islands in the Persian Gulf. Ras Al Khaimah has the most fertile soil in the country, due to a larger share in rainfall and underground water streams from Omani mountains.
  • 1.2K
  • 19 Oct 2022
Topic Review
Big data sustainable supply chains
Sustainable supply chain management (SSCM) has received much attention in the decade ending in 2020 due to an increased awareness of climate change and environmental and social issues across the globe. SSCM requires firms across a supply chain to report not only on profits but also on environmental and social performance. SSCM can be improved by utilizing big data analytics, as such, the paper investigated how big data analytics can be used to enhance SSCM practices in manufacturing supply chains
  • 1.2K
  • 19 Jul 2021
Topic Review
Panama Papers (Africa)
The Panama Papers are 11.5 million leaked documents that detail financial and attorney–client information for more than 214,488 offshore entities. The documents, some dating back to the 1970s, were created by, and taken from, Panamanian law firm and corporate service provider Mossack Fonseca, and were leaked in 2015 by an anonymous source. This page details related allegations, reactions, and investigations, in Africa. Former South African president Thabo Mbeki, head of the African Union's panel on illicit financial flows, on April 9 called the leak "most welcome" and called on African nations to investigate the citizens of their nations who appear in the papers. His panel's 2015 report found that Africa loses $50 billion a year due to tax evasion and other illicit practices and its 50-year losses top a trillion dollars. Furthermore, he said, the Seychelles, an African nation, is the fourth most mentioned tax haven in the documents.
  • 1.2K
  • 25 Nov 2022
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