1.

What is a SKU? Explain with examples.

Answer»

It is a unique identifier for each distinct product and service that can be purchased. 

For example: if a particular product has a MRP of Rs 10 and there is a revision in price, say the price now becomes Rs15, then Rs10 and Rs15 will have to be stocked separately and billed separately so they become two different SKUs.

SKUs can then be printed into a barcode and placed on the product. When scanning SKUs, the system recognizes the price and prepares the sale for that price.



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