Preview

Vending

Good Essays
Open Document
Open Document
613 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Vending
vending
Vending machines are just one of the modern conveniences in the world because these machines allow customers to purchase items without having to stand in line and check out at a store. Currently, there are two different types of vending machines that are used by business owners throughout the world
There are many advantages that are associated with the use of vending machines. For example, consumers will be able to purchase items like drinks and snacks on the go, which will save them time throughout the day. Another advantage of using a vending machine is that it can be placed in areas where there is not room for a cafeteria or other eating establishment.
Business owners can also benefit from the use of vending machines. This is because a vending machine will not require that an employee be present to collect the money for all of the products that are dispensed. Business owners can even select vending machines that accept different forms of payments, like credit cards, to increase the likelihood that consumers will make a purchase.

Vending machines are a convenience for customers, especially vending machines that offer variety and accessibility. Credit-card acceptance and healthier food options are helping to keep this business poised for longevity.

Cash Flow
The minute the first customer drops his coins or swipes his debit card, cash flow begins. With the right products and the right location, vending machines can be income-producing work horses 24 hours a day. As an all-cash business, the typical collection problems that plague many small businesses don't exist. With vending machines, there are no bad checks written and no outstanding accounts receivables to collect. Many vending products offer a good rate of return on your investment, so with the right mix, your cash flow can be bolstered rapidly.
Overhead
There are very few overhead costs associated with the vending machine business. Managing the route yourself eliminates the need for

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Ent 205 Week 3 Essay

    • 448 Words
    • 2 Pages

    Beside foods, these businesses sell the ability to get your food fast and on the go!!! Less wait time!! I really feel that is really no difference because all have about the same selections of food and your wait time depend on time of day and how…

    • 448 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Business unit 29 m1

    • 380 Words
    • 2 Pages

    There are advantages and disadvantages of this type outlet. An advantage is that they are convenience for customers. Therefore this increases the local shops’ customer base and profits because more people of that are likely to shop from the local shop, because it is easy and comfortable. Furthermore, local shops offer more customer service.…

    • 380 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Psy 322 Week 4

    • 1070 Words
    • 5 Pages

    The consumer can even make purchases from these kiosks. The kiosks are in place just in case…

    • 1070 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    It enables customers to exercise more choice and have more flexibility in the day to day delivery of their service…

    • 10430 Words
    • 42 Pages
    Powerful Essays
  • Satisfactory Essays

    Work pressure: Make-to-stock system will reduce the work pressure due to less of a time concern.…

    • 394 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Vending Machines are a terrible idea. Vending machines are terrible for the fact that they require maintenance to keep running, They require a lot of people to spend their money at one in order to even potentially turn a profit.…

    • 339 Words
    • 2 Pages
    Satisfactory Essays
  • Best Essays

    References: Barber, M., (2006). Advantages to Computers in the Food and Beverage Industry. Retrieved March 1, 2013 from the website: http://ezinearticles.com/?Advantages-to-Computers-in-the-Food-and-Beverage-Industry&id=222039…

    • 2338 Words
    • 10 Pages
    Best Essays
  • Good Essays

    H R M N 3 9 5 6 3 8 0 T H E T O TA L R E WA R D S A P P R O A C H T O…

    • 838 Words
    • 6 Pages
    Good Essays
  • Good Essays

    Venture Screening

    • 997 Words
    • 4 Pages

    The essential components are the needs of the customer, pricing, and value creation proposition, marketing niche and product mix. If the consumer feels that this machine meets, their needs as far as being easy to carry, store and is very convent for a quick work out;out side of a gym then this venture will be a success. When you start a venture, you have to invest lots of money into it so that you can get your venture off the ground. When you keep your over head low, your product is reasonable and people are aware of your product then your cost out of pocket to start will be returned to you in a short period of time. You will do more than just break even you will start to see profits this will give you an option to afford to maybe invest in a new venture this could be call a venture screening (Davison 2006).…

    • 997 Words
    • 4 Pages
    Good Essays
  • Good Essays

    * Clearly explained at least two benefits such as increasing customer loyalty, increasing sales or reducing the risk of error or theft as less cash handling is involved.…

    • 1818 Words
    • 8 Pages
    Good Essays
  • Satisfactory Essays

    Vending machines should be allowed on every campus. There should be a vending machine in every school because it’s been proven that more students pay attention, learn better, and stay awake in class when they aren’t hungry. Less students go home sick/come to school more often, when they eat a healthy, filling breakfast and lunch. Most students will participate in class when they aren’t hungry, which will result in better grades. With vending machines in schools, more students and teachers will get the food they need to be successful in school. Some students get bored in class and use a vending machine as an excuse to get out of class. Vending machines can be very helpful on a school…

    • 123 Words
    • 1 Page
    Satisfactory Essays
  • Satisfactory Essays

    Mc Café

    • 376 Words
    • 2 Pages

    ▪ Because it is faster due to extreme standardization, convenient, relatively and it also has a sophisticated/trendy design that might appeal to young customers. The popularity of McDonald’s can also be a factor of success.…

    • 376 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Impact of Automation

    • 298 Words
    • 2 Pages

    Automation is the use of control systems and technologies reducing the need for human jobs. Therefore there are two sides to having automation and one of them is bad. It destroys the need for humanly work since its cheaper for companies and quicker plus you don't need to give them breaks and money. So really companies are benefiting from this. Automation is part of the American culture since almost everything is created by machines ..... our life style has changed we expect more things to be made in less time and demand more of everything and the only way to set the demand is by automation. So in the end the impact of automation is great on our culture and lifestyles if we didn't have them we wouldn't function.…

    • 298 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Dell Disintermidiation

    • 1078 Words
    • 5 Pages

    The one of the most important benefit is that it reduce the costs of the generation, the processing and the distribution of the advertisement and marketing in its printform. The cost of mailing were also saved and this helps the company to invest their capital in the other areas of the business transactions.…

    • 1078 Words
    • 5 Pages
    Powerful Essays
  • Satisfactory Essays

    you save money. You don't have to waste gas, spend money on food, and you don't…

    • 335 Words
    • 2 Pages
    Satisfactory Essays