A STUDY ON VENDING MACHINE AND BUSINESS PROBLEMS IN INDIA
Abstract
When customers insert cash or a credit card, the vending machine dispenses a variety of goods. The first known vending machines date back to ancient Greece. The first coin-operated vending machines appeared in London, England, in the early 1880s. Richard Carlisle, an English publisher and bookshop proprietor, also developed a book vending machine about the same period. The first vending machine appeared in America in 1888, courtesy of the Thomas Adam’s Gum Company. Pulver Manufacturing Company’s Gum machine has cartoon characters to attract consumers. Horn and Hardart, a restaurant in Philadelphia that accepted coins, was opened in 1902 and stayed in business until 1962. In addition, American William Rowe invented the first automatic cigarette vending machine. Automatic cup dispensers for soft drinks have been implemented. The Ventilators Manufacturing Company of Fresno, California manufactured a series of classic soda fountains in the 1940s and 1950s, with a focus on promoting the sale of Coca-Cola and Pepsi. Two popular ventilators were the VMC 27 and VMC 33.