Question

Kriyoto inc. is a manufacturer of printers, scanners, and other office equipment. it announced a cash refund for corporate purchases in quantities more than ten. rick purchased 20 color printers for his office from kriyoto during this sale. to avail the cash refund, he had to mail in a proof of purchase, purpose of purchase, proof of his company's legality, and his cash register receipt. in this case, rick has received a:

Answer 1

Rick has received a rebate. A rebate is a sum paid by a method for diminishment, return, or discount on what has just been paid or contributed. It is a sort of offers advancement that advertisers utilize basically as motivating forces or supplements to item deals. There is confusion on discount and rebate, the rebate is a backend discount while the discount is the upfront meaning you the customer is discounted by the time he/she bought the item.