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Please explain:
Rebates?
Contracts?
Credit Management?
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Answer Posted / charis ayala
A rebate is an amount paid by way of reduction, return, or
refund on what has already been paid or contributed. It is
a type of sales promotion marketers use primarily as
incentives or supplements to product sales. The mail-in
rebate (MIR) is the most common. A MIR entitles the buyer
to mail in a coupon, a receipt and barcode in order to
receive a check for a particular amount, depending on the
particular product, time, and often place of purchase.
Rebates are offered by either the retailer or the
manufacturer of the chosen product. Large stores often work
in conjunction with manufacturers, usually requiring two or
even three separate rebates for each item. Manufacturer
rebates are sometimes valid only at a single store. Rebate
forms and special receipts are sometimes printed by the
cash register at time of purchase on a separate receipt or
available online for download. In some cases, the rebate
may be available immediately, in which case it is referred
to as an instant rebate.
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