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The National Automatic Merchandising Association (NAMA) [2] recognizes Micro Markets as a significant focus channel, along with vending, food service, and refreshment services. [2] A typical Micro Market generally stocks between 150 and 400 products, a notable contrast to the standard vending machine's capacity of around 40 products. [3]
The machine accepts payments by cash, credit or debit card and delivers purchased items through a drawer. Development of the SmartMart including gas pumps costs approximately $100,000 more than a 3,000 square foot convenience store, but the labor savings are substantial as a single control center worker can operate the entire business. [ 16 ]
A snack food vending machine made in 1952. Newspaper vending machines in Munich, Germany An automobile parking ticket machine in the Czech Republic. A vending machine is an automated machine that dispenses items such as snacks, beverages, cigarettes, and lottery tickets to consumers after cash, a credit card, or other forms of payment are inserted into the machine or payment is otherwise made. [1]
A full-line vending business sets up several types of vending machines that sell a wide range of products, such as soft drinks and snacks. Soft drinks are usually sold in 12 fl. oz. (355 ml) and 20 oz. (591 ml) in the United States and sometimes Australia , or 330ml and 500ml in Europe , Canada , and other areas.
Crane Merchandising Systems was founded in 1926 by B. E. Fry, a St. Louis businessman, as the "National Sales Machine Company. [citation needed]" Fry invented a more foolproof vending machine that would only accept coins, unlike older machines, such as the "Smoketeria", a cigarette vending machine, which would accept things such as flat buttons and cardboard discs.
The firm began operations in Great Britain in 1965 and expanded to the United States in 1967. The firm invented the electronic vending machine and is one of the largest manufacturers of vending machines in the world. [2] As of 2011, the company operated in over one hundred countries and processed over two billion transactions per week. [3]
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