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Discount and rebate are both methods used to reduce the price of a product or service, but they differ in their application. A discount is a reduction in the original price of an item, usually offered at the time of purchase.
Rebates are a retrospective payment from a supplier to a customer that ultimately reduces the cost of a product at a later date. Discounts are immediate, rebates are delayed. But like discounts, rebates come in a handful of varieties, such as volume rebates, product mixes and stocking incentives.
29 wrz 2023 · While both rebates and discounts offer monetary benefits to the purchaser, the primary difference lies in the timing of these benefits. Discounts provide immediate savings at the point of purchase, while rebates offer deferred savings, reducing the cost of a product at a later date.
13 paź 2023 · A "discount" is a reduction in price given upfront at the time of purchase, while a "rebate" is a partial refund given after the purchase has been made. Both offer financial benefits, but their timing and methods differ.
Unlike, a trade discount that is provided mainly for high quantity buying, a rebate is for reasons which help a supplier to provide healing touch in a situation that is unfavourable during the process of selling.
Discount is available to all the customers. Conversely, Rebate is available to those customers who fulfil the specific criteria. Discount is given for each item purchased by the customer; however, the rebate is given as a deduction in the list price provided the required conditions are satisfied.
The main difference between a rebate and a discount lies in the timing of the price reduction and the way the customer benefits from it: Discount : A discount is an immediate reduction in the purchase price of a product or service.
