What is Automatic Vending Machine (AVM) ?

Automatic Vending Machine (AVM)

AVM means that type of machine from which we can get the desired product by inserting a predetermined token. This is one of the latest methods of direct sales. No person is needed to operate this machine. For example, just by inserting the coin in the self-operating cold drink machines, a fixed quantity of cold drink comes out of it. Often by this medium commodity of small size (like cigarette, postal stamps, underwear, beer, snacks, etc.) and beverages (like cold drink, milk, lassi, water, etc.) are sold. These machines can be seen at petrol pumps, bus-stand, railway station, airport, and other public places in the metropolitan cities. These machines are widely prevalent in western countries. In India also, the trend of these machines is gaining momentum. Through these machines, it is possible to make retail sales on a large scale.

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  • Advantages of AVM

The following are the main advantages of AVM:

(1) Sales are possible at any time, i.e., no bar of time on sales.

(2) The salesman is not needed.

(3) We get the products of similar weight and quality.

(4) We get fresh products.

(5) The machine is not difficult to operate.

(6) No fear of theft (theft alarms are installed in the machines).

  • Limitations of AVM

The following are the main limitations of AVM:

(1) The sales process is costly.

(2) Huge expense on maintenance and repair.

(3) Coins of the same sized are needed.

(4) Products can waste away if not sold.

(5) Useful to sell only a few items.

Role of Chambers of Commerce and Industry in Promotion of Internal Trade
                                                    (An important fact just for you)

Handshake, Business, HandThe Chamber of Commerce and Industries is a voluntary association of people who are linked with business. Its objective is to safeguard the interests of both the business and the businessmen. Mainly, brokers, bankers, and industrialists are among the members' list of these associations. The main significance of these associations is that they do not just look for the interest of one industry but for the whole business community. The chambers of Commerce and Industries are formed at regional, national and international level.

For example, at regional level: the Bombay Chamber of Commerce, the Bengal Chamber of Commerce, the UP Chamber of Commerce, the Delhi Chamber of Commerce, the Punjab Chamber of Commerce; at national level: the Indian Chamber of Commerce, the London Chamber of Commerce; at international level: International Chamber of Commerce (France), etc. At the regional level, these associations look for the interest of the business community of a particular region. Associations at the national level safeguard the interest of the business community of the whole nation while associations at the international level do the same for the whole world. Almost all the chambers in India are related to the Federation of Indian Chambers of Commerce and Industry (FICCI) and work under its direction.

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